MOIT to develop support industry

According to the draft, major support activities of the programmes include investment promotion activities at home and abroad for attracting investment for producing products, as well as to support industries and develop local and export markets for those products, reported chinhphu.vn website.

The programmes involve providing information and databases on the support industry, to transfer technology, manufacturing support for industry products, and to build production management systems to meet international standards for support industry enterprises. They will also combine support industry enterprises with multi-national groups, and train skilled managers and staff for support industries.

The ministry has proposed capital of VND300 billion for 2,000 support industry enterprises to provide support for those enterprises in developing international management standards and systems.

Also, another VND115 billion will be given for support industry enterprises to become suppliers of support industry products for multi-national companies and other local and foreign support industry producers.

In addition, a programme on investment and trade promotion and support in seeking markets of consuming support industry products will receive VND115 billion.

Assistance in training managers and staff; and building and updating databases on support industries at home and abroad at websites specialising in the support industry will get funds of VND220 billion and VND80 billion respectively.