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.

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A production line of Viet Hung Plastic Company in the northern province of Hung Yen supplying packaging to Samsung Vietnam (Photo for illustration) 

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 localization rate.

Meanwhile, local businesses can understand expectations of FDI firms for their products, prices and services while taking the occasion to introduce their products and enter the global supply chain.

Source: VNA