MOIT to develop support industry

Wednesday, Jan 27, 2016 08:16

Electronic components packing tray products were manufactured at the South Korea-invested YoungJing Vina in Dinh Tram Industrial Zone in the northern province of Bac Giang. Viet Nam has been gearing up to develop a support industry. — VNA/VNS Photo Danh Lam

HA NOI (Biz Hub) — The Ministry of Industry and Trade (MoIT) has created programmes for the 2016-25 period to provide support for organisations and individuals in developing industries.

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 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 (USVND305,746 million) for 2,000 support industry enterprises to provide support for those enterprises in developing international management standards and systems.

Also, another VND115 billion (VND117,251 million) 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 (VND117,251 million).

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 (VND223,335 million) and VND80 billion (VND81,517 million), respectively. — VNS

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