To solve the puzzle of Vietnamese enterprises enter the value chain

Enterprise’s efforts are the main factor, local support is significantly important, at the same time, the Government’s orientation is decisive elements…
To solve the puzzle of entering the value chain of Vietnamese businesses, the Vneconomy Reporters had an interview with representatives of leading industrial support enterprises in Vietnam. Accordingly, Mr. Bui Minh Hai, Chairman of Hanoi Plastic JSC, member of An Phat Holdings gave point of view about the development of supporting industries in the country. 
Mr. Bui Minh Hai – Chairman of Hanoi Plastics 
Mr. Bui Minh Hai shared: “An Phat Holdings (APH) is the leading high-tech and environmentally friendly plastic Group in Southeast Asia. In the period of 2018 – 2019, we have expanded our investment in the supporting industry with the goal of becoming a leading enterprise in Vietnam in this field. With the help and support from the central and local governments and strategic partners, the Group’s member companies have actively implemented many cooperation programs in the fields of supporting industries and achieved numerous remarkable results.

From the beginning of 2019, An Trung Industries has officially become a supplier of phone plastic components for Samsung. In September 2020, Vietnam Pattern Manufacture and Precision Mechanical Company Limited (VMC) was the first Vietnamese company to increase production capacity and quality control by 2 Levels in the consulting program organised by Samsung Vietnam and Ministry of Industry and Trade.

In particular, Hanoi Plastics JSC is a leading company in the field of supporting industries in Vietnam with nearly 50 years of experience in manufacturing and supplying high-tech plastic components products. Currently, Hanoi Plastics is a strategic partner of major corporations such as Honda, Toyota, Samsung, Panasonic, LG … Also, APH is honored to be selected as the leading enterprise to develop supporting industries in Hai Duong province by the Ministry of Industry and Trade, the government of Hai Duong and Samsung Vietnam.

From the beginning, APH has identified supporting industries as one of the key areas contributing to the development of the group. To achieve that goal, we are one of the few supporting industry enterprises in Vietnam that have a methodical investment in this field by investing in modern machinery systems, constantly updating new technologies in order to increase the quality of each product. At the same time, we also coordinate with investment partners to organize training programs to foster skills, technology for employees.

Besides the advantages, we recognize the difficulties of the supporting industry in Vietnam.

Firstly, the development of supporting industries requires a large investment from science and technology, machinery systems, molds to people, and techniques to make products capable of meeting high technical standards. Therefore, the payback takes long time, requiring businesses to be persistent, patient to stay in this field.

Secondly, we are facing great competition from countries in the region of Thailand or Indonesia, Malaysia … which have long-standing experience and history in this field.

Thirdly is the lack of skilled workers. The source of well-trained labor and engineers to meet the new technology is very limited. Most are trained abroad or work in multinational corporations. Therefore, it is very difficult for businesses to access this source of labor.

Hence, we look forward to receiving the support and companionship of the central and local authorities in promoting policies to support businesses operating in the supporting industry.

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