Samsung is willing to partner with local part suppliers but there are in fact few qualified businesses. The South Korean electronics firm will prioritize placing orders at local businesses if they are able to meet three standards: product quality, delivery time, and price.
The localization rate – the amount of materials and parts that can be sourced locally – at the Samsung facility remains at around 39%. But this figure mostly represents the foreign direct investment (FDI) suppliers, while there are very few 100 percent Vietnamese businesses supplying parts to Samsung. …Read More →