Now the 100sq.m centre at 156 Nam Ky Khoi Nghia Street in District 1 displays more than 450 products made by the 54 city-based companies in supplying industries. — Photo thesaigontimes.vn

HCM CITY (Biz Hub) — The HCM City Department of Industry and Trade yesterday inaugurated a centre to display products made by part supplying industries.

Pham Thanh Kien, the department's director, said setting up the centre was part of the city's efforts to help businesses in the supplying industries promote their products and production capacity, and enable them to link up with local and foreign partners and enter the global supply chain.

Now the 100sq.m centre at 156 Nam Ky Khoi Nghia Street in District 1 displays more than 450 products made by the 54 city-based companies in supplying industries.

It will be expanded gradually and exhibit products category-wise — mechanical engineering and manufacturing, electrical and electronic — to meet buyers' demand.

The department will assign the Centre for Support Industries Development to work with business groups and trade promotion organisations to organise events to connect suppliers and buyers.

Other activities like creating a database of part suppliers and operating websites on part suppling industries would also be undertaken, the department said.

Hirotaka Yasusumi, chief representative of the Japan External Trade Organistion in HCM City, said according to a JETRO survey last year, the rate of locally-made products supplied to Japanese producers in Viet Nam was only 30 per cent, much lower than in Thailand or China.

The supporting industry in the south is more developed than in the north and HCM City should strive to further develop it, he said. — VNS