VIETNAM BUSINESS NEWS OCTOBER 15

MoIT vows support for Samsung, suppliers to maintain supply chain The Ministry of Industry and Trade (MoIT) held a teleconference with Samsung Vietnam and its suppliers on October 14, affirming that the ministry's top priority now is assisting businesses in Vietnam to achieve the "twin targets" of ensuring safety amid the COVID-9 pandemic and maintaining production to avoid disruptions to supply chains. The event gathered representatives of the Korean-invested company and more than 20 suppliers in Ho Chi Minh City, Hanoi, and the provinces of Bac Giang, Bac Ninh, Binh Duong, and Dong Nai. Deputy Minister Do Thang Hai said the MoIT is committed to continued coordination with other ministries, sectors, and localities to assist businesses and tackle bottlenecks to production activities by increasing manpower for production, easing restrictions on travel among provinces, boosting vaccination, and reducing input costs, expense and taxes. The ministry will serve as a bridge linking businesses with the Government so as to update them about new support policies and incentives and deal with difficulties facing them in a timely manner, he added. Hai expressed his hope that Samsung will keep working with the MoIT to build and implement larger and more intensive training programmes to… Read full this story

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