There are few opportunities for businesses to develop support industries in Vietnam amid the global economic crisis caused by COVID-19, according to economists.
The Ministry of Industry and Trade will host a teleconference for trade promotion in support industries between Vietnam and Japan on July 7, attracting about 30 – 40 enterprises from both countries.
Many foreign automobile part manufacturers have recently started the construction of their plants in Vietnam, which is in line with the government’s policies on encouraging investment in the local support industries.
Businesses in support industries need to further improve their functioning and establish close ties with each other and official agencies to enter multinational supply chains, delegates told a forum in HCM City on August 23.
Chairman of the HCM City People’s Committee Nguyen Thanh Phong said he looks forward to boosting cooperation with Kawaguchi City in support industries and urban infrastructure development during his meeting with the Japanese city’s mayor Nobuo Okunoki in the southern hub on October 12.
VOV.VN - The Vietnam government has set a lofty target for exports of the electronics segment of the economy for both the foreign and domestic sectors operating within the country’s borders to reach US$40 billion by 2017.
Decades-old technologies are widely used across most sectors, keeping the country from becoming more competitive in the global market.
Nepcon Vietnam 2016, an international exhibition on SMT, testing technologies, equipment and support industries for electronics manufacturing, will be held in Ho Chi Minh City in October.
Phan Dang Tuan, former Director General of the Institute for Industry Policy and Strategy, spoke to Hai Quan (Customs) newspaper on how to develop support industries in Vietnam.
Ho Chi Minh City plans to provide further incentives for small- and medium-sized enterprises that invest in support industries, according to Nguyen Phuong Dong, deputy director of Department of Industry and Trade.
Dozens of banks in Ho Chi Minh City have registered to provide loan packages worth VND211.5 trillion (US$9.3 billion) and US$15 million to support businesses in 2016.
More Government support for local companies involved in the support industries was needed, according to the managing director of the Japan External Trade Organistion (JETRO)'s HCM City office.
Weak supporting industries and a lack of skilled labor are among the major barriers to foreign investment capital flow in the city, according to representatives of foreign-invested companies.
(VOV) -Vietnam International Supporting Industries Expo 2014 (VSI Expo 2014) kicked off in Ho Chi Minh City on September 17, attracting over 140 domestic and foreign companies.
Foreign entrepreneurs still regard Binh Duong province as a profitable and advantageous investment opportunity despite the disturbances in May, proven by the US$350 million in foreign direct investment (FDI) in the southern locality since then.
The domestic leather and footwear industry is seeing positive signs in the market.
(VOV) -A number of Japanese companies will attend two exhibitions on machinery and technology for support industries, at the Cultural Friendship Palace in Hanoi on August 27-29.
(VOV) -An exhibition on support industries will be held in Ho Chi Minh City on October 9-11, expecting to attract swathes of domestic and foreign enterprises.
Advanced precision engineering and manufacturing technologies from the Czech Republic, Singapore and Taiwan (China) are on display at an exhibition that kicked off in Hanoi on April 1.
(VOV) - Dong Nai is expecting US$700–900 million in foreign direct investment (FDI) capital over 2014, much lower than the US$1.6 billion total seen last year.