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).

The Sai Gon Hi-tech Park and industrial parks and economic zones in the southern provinces of Long An, Binh Duong, Dong Nai and Ba Ria-Vung Tau will work together to develop support industries under an agreement clinched on October 28.

VOV.VN - Approximately 190 firms have put their products on display at a supporting industry exhibition which kicked off on October 28 in Hanoi.

The Ministry of Planning and Investment (MPI) said it had advised the Government to implement a number of policies to support Vietnam’s industrial sector, especially the supporting industry.

The Vietnam Support Industry Show 2020 and the METALEX Vietnam 2020 will be held online from October 23-24 to connect Vietnamese and Japanese firms in the support industry in the new normal situation.

The People’s Committee of the northeastern province of Quang Ninh on September 22 held a ground-breaking ceremony for an automobile supporting industry complex of Thanh Cong Group JSC.

The Ministry of Industry and Trade (MoIT), the People’s Committee of Bac Ninh province, and Samsung Electronics Vietnam have jointly signed a memorandum of understanding (MoU) on a programme to support Vietnamese businesses operating in the northern province.