Samsung’s vice chairman Lee Jae Yong is visiting Samsung subsidiaries today in Hanoi, the northern province of Bac Ninh, and Ho Chi Minh City. Lee Jae Yong, vice chairman of Samsung Local media quoted an expert as saying that Samsung’s smartphone business has been experiencing a fall in revenue due to strict competition from Chinese competitors. This may be the reason behind Lee’s visit to Vietnam, with the mission to recover the firm’s business. According to BusinessKorea, Lee will visit subsidiaries manufacturing smartphones, televisions, and home appliances. Lee may also have a meeting with leaders of the Vietnamese government. Samsung Electronics runs subsidiaries manufacturing smartphones in Bac Ninh and Thai Nguyen provinces with the annual capacity of 150 million devices, equalling half of the firm’s annual output, which makes Vietnam a very important market for Samsung. By Van Anh … [Read more...] about Samsung crown prince Lee Jae Yong visits Vietnam today
Samsung
Samsung refutes rumors on shifting production from Vietnam to N.Korea
The Hanoitimes - In response to Hanoitimes’ request for comment, a spokesperson of Samsung Electronics Vietnam said the company “does not comment on rumors and personal speculation.” Samsung Electronics Vietnam has said the rumors saying North Korea could replace Vietnam as Samsung's main production center for smartphones and displays are “personal speculation”. Workers at a Samsung smartphone factory in northern Vietnam. Photo: VNA You Seung-min, chief strategist at Samsung Securities earlier this week, was quoted by Nikkei Asian Review as saying that North Korea is a good candidate for Samsung Electronics to set up production lines because it can offer cheap labor, has no language barrier and has the same time zone. Nikkei also cited analysts as saying the Kaesong complex is attractive to South Korean companies because of its low rent, cheap labor costs and a large pool of able workers who speak the same language as their counterparts … [Read more...] about Samsung refutes rumors on shifting production from Vietnam to N.Korea
Samsung concludes third training course for Vietnamese consultants
Representatives from companies in the south receives their certificates of completion of the course (Photo: VNA) HCM City (VNA) – Samsung Vietnam and the Ministry of Industry and Trade (MoIT) rounded off its third training course for Vietnamese consultants in the supporting industry with a ceremony in Ho Chi Minh City on October 19. Speaking at the ceremony, Truong Thanh Hoai, Director of the MoIT’s Heavy Industries Department, pointed out some of the industry’s weak points in terms of competitiveness and spare parts materials, attributing them to the limited management and investment capacity of local companies. He said the Government and other relevant ministries have issued many policies to support the growth of the sector, adding that Samsung’s courses are an important part of such efforts. Eight courses of this kind are scheduled to take place in 2018 and 2019, each lasting for three months, aiming to train 200 consultants in total. They are part … [Read more...] about Samsung concludes third training course for Vietnamese consultants
Samsung experts help train consultants in supporting industries
Viet Nam News HCM CITY — The Ministry of Industry and Trade and Samsung Electronics Vietnam on October 19 organised in HCM City the closing ceremony for the third training course for Vietnamese consultants in supporting industries. The course had begun on July 23 with 25 participants, who were taught quality control and production management theory for four weeks followed by eight weeks of practical exposure at five companies, where they together with Samsung’s experts assessed the operations and business situation of the enterprises and advised them on how to renovate their production process, quality management and distribution of products. The participants said the advice provided by the South Korean experts and Vietnamese consultants has helped improve their productivity, quality and human resources management, increasing their competitiveness. Nguyễn Minh Tuấn, chairman of Nghĩa Nippers Corporation said he was honoured to be selected for the … [Read more...] about Samsung experts help train consultants in supporting industries
Samsung Electronics supports Indonesia to surmount quake consequences
Rescuers bring dead bodies out of debris of a hotel (Source: VNA) Seoul (VNA) - Samsung Electronics Co., Ltd of the Republic of Korea (RoK) on October 16 revealed that it had sent 600,000 USD to Indonesia after earthquakes and a tsunami devastated the country’s Central Sulawesi. The aid was announced after the province was hit by 6.1- magnitude and 7.5- magnitude quakes and a subsequent tsunami in late September, which left over 2,070 dead and more than 10,500 others injured, damaged many houses and infrastructure facilities and washed away a vast area of crops. Samsung Electronics said that the money had been sent to the Indonesia Red Cross to support the building of houses and assist the victims. The company also plans to open a Samsung care centre in the region to provide food and clothes for disaster-affected victims and repair household commodities damaged by disasters. In July, Samsung Electronics also assisted 200,000 USD for Lombok – another island of … [Read more...] about Samsung Electronics supports Indonesia to surmount quake consequences