VOV.VN - Ho Chi Minh City will work alongside economic experts to devise orientations for a new bailout package, with local firms hardest hit by the COVID-19 pandemic expected to receive the package with interest rates of 0%, according to Nguyen Thanh Phong, chairman of the HCM City People's Committee.

Companies in the supporting industry will get an interest rate subsidy from next year in an effort to promote the development of the part-supply industry, said Pham Tuan Anh, Deputy Director of the Industry Agency under the Ministry of Industry and Trade.

The Ministry of Planning and Investment and the US Agency for International Development (USAID) co-organised a launch ceremony for the “Supporting Enterprises’ Digital Transformation from 2021 to 2025” programme in Hanoi on December 3.

The International Support Group’s Plenary Meeting for 2020 will be held on December 11 to promote global cooperation to support agricultural and rural development in Vietnam during the COVID-19 pandemic.

VOV.VN - Firms operating in the electronics and supporting industries have been advised to be well-prepared for a fresh investment wave from Europe in the hi-tech field, according to insiders.

VOV.VN - To make use of the global shifting of foreign investment, local firms in the supporting industry have been advised to enhance their capacity to join global supply chains, according to insiders.

Vietnamese businesses operating in support industries have been developing in both quantity and quality in recent years, with improved production capacity and increasing engagement in global production chains.

Vietnam has worked to raise the number of local part suppliers in the global supply chains, aiming to have about 1,000 enterprises capable of supplying directly to assembly enterprises and multinational corporations by 2025.

VOV.VN - Despite German investors viewing Vietnam as a potential market and attractive investment destination, foreign direct investment (FDI) inflows from the European country have failed to meet expectations, according to insiders.

Vietnam needs to have a law on the supporting industry to aid its development, according to the chairman of the Vietnam Chamber of Commerce and Industry (VCCI).