By VIET NAM NEWS
ASIA NEWS NETWORK
Earlier this week, MINH Nguyen Supporting Industries Joint Stock Company inaugurated the first phase of its Phuoc Thanh High-tech Research, Application and Production Complex at the Sai Gon Hi-Tech Park.
The 36,000 square metre VND800 billion (Bt46 billion) facility has a capacity of 20 million products a year.
According to the company, in the first phase it will operate a plastic injection and a mechanical and a plastic component assembly plant as well as a research laboratory |with equipment imported from Japan, South Korea, Germany, and the US.
Le Van Khoa, deputy chairman of the HCM City People’s Committee, said Minh Nguyen is one of eight companies in supporting industries to received support from the city. “This is a good sign for firms in the country, especially the city, to develop globally,” he |said.
Soon Young Hong, deputy director of Samsung, said it was initially difficult for his company to find a company to supply components. Minh Nguyen’s new plant marks the development of Vietnamese companies in supporting industries.
Minh Nguyen is one of the few companies in the country to be chosen because most companies in supporting industries are too small and cannot meet the large demand from a giant company like Samsung.
This is a model that every company in Ho Chi Minh City and Vietnam should study, Deputy Minister of Industry and Trade Tran Quoc Khanh said.
The Phuoc Thanh High-tech Research, Application and Production Complex will span an area of 52,000 square metres when finished.
To cost VND1.6 trillion ($2.6 billion), it will produce plastic and electronic components, mechanical parts and high-tech moulds.