A number of local firms in supporting industries have been receiving more orders from foreign partners due to the coronavirus outbreak disrupting supply chains in China.
VOV.VN - Underdeveloped textile and dying supporting industries could pose a threat to the future export of the apparel sector amid the freshly-signed EU-Vietnam Free Trade Agreement, insiders have warned.
VOV.VN - Vietnamese supporting industry firms have great potential to increase their development, but they need to pay much attention to improving their quality and productivity in comparison with global rivals, Choi Joo-ho, General Director of Samsung Vietnam, has said.
More and more businesses from the Republic of Korea (RoK) are coming to Vietnam to operate in supporting industries.
A complex intended to connect Japanese and Vietnamese firms involved in supporting industries will be developed in the Hanoi Southern Supporting Industrial Park (HANSSIP).
The capital city of Hanoi has set a goal of having about 900 firms in supporting industries by late 2020, according to the municipal Department of Industry and Trade.
VOV.VN - Samsung Vietnam, in collaboration with the Ministry of Industry and Trade, launched a training programme in HCM City on April 16 aimed at assisting Vietnamese consultants to improve the production efficiency of local businesses in 2019.
Only about 300 of the over 1,800 businesses working in supporting industries in Vietnam have joined production chains of multinational enterprises, a figure described by analysts as too modest.
VOV.VN - Japanese businesses have sought cooperation opportunities in Vietnam in recent times with the aim of using Vietnamese businesses to support them during the early part of the production supply chain.
Reed Tradex, the organiser of METALEX Vietnam, has announced a new alliance aimed at driving the development of the Vietnamese supporting industries.
More efforts should be made to develop supporting industries in HCM City to strengthen the competitiveness of domestic enterprises, according to Sai Gon Giai Phong (Liberated Saigon) newspaper.
Saigon International Autotech and Accessories 2017 continues to promote the development of Vietnam’s automobile and supporting industries to international partners.
The Vietnam Association of Supporting Industries (VASI) was officially established in Hanoi on March 18 with a view to contributing to relevant policy planning and connecting domestic and foreign markets.
Japanese automobile manufacturers have discussed the possibility of relocating their factories to regional countries because of Vietnam’s weak supporting industries.
The Japanese government has recently approved a JPY100 million (US$887,000) project to establish a robotics training facility in Ho Chi Minh City, Vietnam’s largest economic hub.
The Dung Quat Economic Zone (EZ) Authority aims to attract US$2.5-3 billion investments in the zone by 2020, quangngai.gov.vn reports.
Ho Chi Minh City will undertake activities this year to boost manufacturing and supporting industries, according to the local Department of Industry and Trade.
Iron and steel used for tyre bead wire production will enjoy a preferential import tax rate of 0% t from May 2, the Ministry of Finance announced in a recent circular.
In the first two weeks of 2016 the Ho Chi Minh City Export Processing Zone Authority (HEPZA) has licensed two FDI projects with a combined registered capital of over US$30 million.
Vietnam suffered a massive US$32.3 billion trade deficit with China, where it imported from a needle to an elephant, in 2015.