Update: 09:14 | 14/09/2017
The American Chamber of Commerce in Vietnam (AmCham Vietnam) organised the Supplier Day 2017 in Ho Chi Minh City on September 13, drawing the participation of nearly 100 foreign direct investment (FDI) enterprises and a large number of local suppliers.
A production line of Viet Hung Plastic Company in the northern province of Hung Yen supplying packaging to Samsung Vietnam (Photo: VNA).
According to Frank Weiand, co-chair of the AmCham manufacturing committee, the annual event aims to connect FDI manufacturers and local suppliers, thus helping them update each other on the markets and demands.
In order to join the global supply chain, enterprises are required to produce products with good quality, reasonable prices and production time.
Local suppliers must improve themselves to meet requirements of quality management systems and production factors to provide products for FDI firms and multi-national groups.
Pham Quan, Director of the WAHL Vietnam Company, highlighted the significance to the event, saying that it helps FDI enterprises find potential suppliers, thus reducing products’ prices and raise the localisation rate.
Meanwhile, local businesses can understand expectations of FDI firms for their products,