The Vietnam Trade Office in Thailand along with the Thailand Board of Investment (BOI) and the Federation of Thai Industry held a workshop in Bangkok on October 6 to encourage Thai businesses to invest in the supporting industry in Vietnam.
Though there has been an abundant supply of steel for construction, there is a serious shortage of steel for the supporting industry. That is reason why Vietnam has spent billions of dollar to import steel annually.
A study on how to develop the supporting industry in Vietnam suggested cooperation with Japan in the field, heard a seminar held in Hanoi on September 16.
Vietnamese businesses in supporting industries need to become more competitive to enter the global supply chain, a forum heard in Ho Chi Minh City recently.
Vinh Phuc authorities have assured enterprises from the Czech Republic of favourable conditions for them.
Foreign capital inflow to Vietnam, especially to the mechanical engineering industry is expected to surge in the upcoming times.
A programme to connect enterprises operating in the supporting industry from Japan, Vietnam and ASEAN countries took place in Ho Chi Minh City on March 16-17.
The Saigon Hi-tech Park (SHTP) recently issued an investment certificate to Malaysia's United More SDN Bhd for a US$21 million plant to manufacture high-precision plastic products for smart TVs.
Commercial banks in Ho Chi Minh City will focus on taking measures to provide small- and medium-sized enterprises and businesses operating in the supporting industry with low-interest loans.
Japanese businesses from the Kansai region have said they are interest in the Vietnamese market, and keen on expanding trade and investment connection with Vietnamese partners, especially in supporting industry, in the time ahead.
A business delegation has flown to Austria to participate in a workshop on attracting investment for Vietnam's supporting industries.
Small and medium-sized enterprises (SMEs) in the supporting industry need better support policies to enhance competitiveness and participate in the global value chain, experts stated.
The industrial sector has shown signs of recovery in the past year but a shedload of challenges lying ahead need to be addressed to make it a pillar of the economy, officials said.
The Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) and the Japan External Trade Organisation (JETRO) on July 25 announced the establishment of the Vietnam-Japan Supporting Industry Forum (VIETPANSIF).
The country’s bad debt ratio has amounted to VND202 trillion ( US$9.6 billion), accounting for 8.6 percent of the total outstanding credit, said Nguyen Huu Nghia, acting head inspector of the State Bank of Vietnam (SBV).