Samisung impacts on Vietnam Flashcards
why has Samsung, a company originating from South Korea set up factories in Vietnam?
-theres cheap labour so more money will be left in the company
-a well motivated and available workforce to increase efficiency and productivity
-a well educated work force so are teachable and able to complex skills
-land is cheap so will cost less to build factories
what are the impacts of samsung on Vietnam?
-employs 60,000 people
-samsung invested $17 billion
-more than 2000 new restaurants and shops have opened up near the factory
-there are now more supple/component companies (for samsung products) who can supply jobs
-workers stand for 8-12 hour shifts
-they work for 70-80 houurs
-farm land was destroyed during construction
-workers have complained about extreme fatigue and tiredness
what is a TNC?
a company that operates in more than one country
like samsung or shell
