Members of 11 Vietnamese industrial suppliers and Korean firm Doosan Vietnam formed Doosan Vina’s Suppliers Association to promote co-operation in industrial production (Photo courtesy Doosan Vina) Hanoi (VNA) - Doosan Heavy Industries Vietnam(Doosan Vina) of the Republic of Korea has inked Memorandums of Understanding(MoUs) with 11 local suppliers to establish Doosan Vina’s Supplier Associationwith the aim of sharing international expertise and networking with Vietnamesecompanies.
The long-term partnership agreement, which was signed inearly December, will share technical, management and operational proceduresamong Doosan Vina and Vietnamese industrial suppliers working in the fields ofelectrical, mechanical, steel, construction and engineering.
The agreement will help promote incentives for the suppliers tomaximise their investments and help grow and stabilise their businesses bybecoming more efficient and competitive.
As planned, the association’s members will be offeredopportunities to expand their businesses through introductions to otherbusiness-to-business (B2B) firms that work with Doosan Vina. The associationwill promote cooperation on mutually beneficial Corporate Social Responsibility(CSR) programmes.
Kang Sanghyung, Director of the Procurement Division at DoosanVina, said reputable local suppliers have helped Doosan Vina create many highquality Made-in-Vietnam products that are available in 33 countries around theworld.
He said he hoped the establishment of the association will bea milestone that marks the beginning of a long-term relationship that will helpmaximize profits, promote economic growth and promote Vietnamese products inboth the domestic and international market.
Last month, Doosan Vina and Samsung Engineering Company(SECL) also signed a framework agreement for a major project in the Middle East.
In 2017, Doosan Vina signed a Memorandum of Understandingwith five partners from the RoK to help them enter the Vietnamese market.
Doosan Vina, situated in the Dung Quat Economic Zone in BinhSon district of the central province of Quang Ngai, is a high-tech industrialcomplex with nearly 2,500 employees, supplying mega infrastructure products forthermal power plants and desalination plants, and cranes and chemicalprocessing equipment for export.
It manufactures boilers for thermal power plants,desalination plants for sea water, cranes and structural steel for buildingsand infrastructure developments.
To date, the company has exported products with a total valueof 2.4 billion USD.-VNA
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