Vice Chairman, CEO of An Phat Holdings: “The story of Vietnam failing to make bolts and screws has become a thing of the past for Vietnam’s supporting industry”

11/02/2020

Sharing at an Initiation Conference – Consulting Assistance Program For Supporting Industry Enterprises in Hai Duong on January 4, Vice Chairman, CEO of An Phat Holdings (APH) affirmed: “The story of Vietnam failing to make bolts and screws has become a thing of the past for Vietnam’s supporting industry.
With outstanding achievements in the development of local supporting industries, APH has been selected by the Government, authorities of Hai Duong and Samsung Vietnam as a core enterprise, a pioneer in the product localization.

Mr. Dinh Xuan Cuong – Vice Chairman, CEO of An Phat Holdings Group made a speech at the Conference.

APH is the leading enterprise in Hai Duong to develop supporting industries

With more than 20 years of experience, APH is now the province’s leading enterprise in developing high technology, increasing the localization rate, especially enhancing the long-term cooperation with large multinational corporations such as Samsung, Honda, Toyota, Yamaha, Panasonic, etc. Particularly, APH has officially become a second-tier vendor of Samsung – the largest mobile phone manufacturing group worldwide from March 2019, in

the meantime, APH is implementing investment activities, making systematical improvements in order to become the first-tier vendor of Samsung in the near future.

Besides Samsung, APH has been trusted by many other FDI enterprises to produce products with high technological value and gray matter, contributing to the creation of globally famous cars, motorcycles or phones, machines, etc.

Sharing at the Conference, Vice President, CEO of APH said that APH will focus on accelerating the localization process, technology transfer, production ownership in the field of supporting industries:

“In the context of localization, we have been and will continue to strive to increase the quantity of Vietnamese gray matter in producing components of phones, automobiles, motorcycles, printers and washing machines, etc, which requires a thorough and comprehensive investment in the capital, technology and manpower.

Regarding technology, we are proud to be the leading enterprise in modernizing the production in the province. We have continuously applied the modernized and cutting-edge facility system to increase the productivity and product quality. In fact, Hai Duong province, our production lines of molds, mobile phone components, printers, etc, always meet the international standards. ”

Set long-term goals to improve product localization

The long-term goals of APH are to increase the localization rate of products, develop high technology products, expand investment, and enhance its position in the global supply chain. In addition, APH continuously strengthens its production system, raises labor productivity, standardizes the quality management system according to the most stringent international standards such as ISO 9000, 90001, 14001 and APH is aiming at to IATF16949 standard in the coming time.

Currently, APH is considered as a dominant high-tech enterprise in Hai Duong province with the most advanced factory system and equipment. In the field of supporting industry, APH has two enterprises in Hai Duong province, which are An Trung Industries & Vietnam Pattern Manufacture and Precision Mechanical Company Limited (VMC).

Besides two companies in Hai Duong, APH has another member company, Hanoi Plastics Joint Stock Company, based in Long Bien, Hanoi, specializing in supplying components and spare parts for the automobile-motorbike industry, with global potential customers like Honda, Toyota, Piaggio, LG Electronics, etc.

Source: https://thanhnien.vn/tai-chinh-kinh-doanh/chuyen-viet-nam-khong-lam-duoc-bu-long-oc-vit-da-tro-thanh-di-vang-1178925.html

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