Local companies aim to become satellite businesses for foreign firmsVietNamNet Bridge - Vietnamese enterprises are working hard to become suppliers of parts and accessories for foreign electronics manufacturers. Vietnamese enterprises are working hard to become suppliers of parts and accessories for foreign electronics manufacturers. “If you can satisfy their requirements, you will still be able to become their class-1 suppliers, even if you are just a small enterprise.”Viet Hung was initially a very small enterprise in the packaging industry. But it has scaled up its production and expanded into plastics production with three factories which can make products for large foreign invested enterprises in Vietnam.According to Tuan, one of the biggest challenges for Viet Hung is that it has to deliver products on schedule. Canon now has 120 suppliers, but the number of Vietnamese suppliers is modest and they can also make very simple products.

Source: VietNamNet News February 24, 2017 01:36 UTC