HCM City has in recent years helped Vietnamese parts suppliers connect with manufacturing firms through programmes such as the Sourcing Fair of Supporting Industry with Buyers.
A report of the Ministry of Industry and Trade (MoIT) shows that the number of enterprises in the supporting industry sector accounts for only about 4.5 per cent of the total number of companies in the manufacturing and processing industry.
RX Tradex Vietnam has entered into a partnership with the Japan External Trade Organisation in HCM City, the Investment and Trade Promotion Centre of HCM City and the HCM City Centre for Supporting Industries Development to host the 2024 Supporting Industry Show...
To deeply participate in the global supply chain, Vietnamese businesses are forced to improve their competitiveness, promote large-scale production and focus more on products with high technology content.
Amid the slow adoption of digital transformation by small and medium enterprises constrained by investment costs and knowledge gaps, this practical toolkit will allow enterprises to effectively implement digital solutions based on their capabilities and resources
"We see high potential in supporting industries in Việt Nam," Yasuo Shimokura, General Director of MISUMI Vietnam - a manufacturer and distributor of standard components for factory automation based in Bắc Ninh Province told Việt Nam News.
The proposed support policies, including an interest rate subsidy of 3 per cent, are expected to a stimulus to part-supplying enterprises to improve their competitiveness and participate in supply chains of multinational corporations (MNCs).
There are no specific guidelines governing businesses'' investments in school facilities and the coordination between schools and businesses to build centres which specialise in training, research, production, and commercialisation of products.
Domestic manufacturers have paid much attention to enhancing localisation rate by investing more in supporting industries. Auto supporting industry is not apart from that process, as localisation rate has gradually help reduce import of components.
As enterprises in the supporting industry continue to foster their production and improve technology in order to make breakthroughs in the recovered market, they need more skilled labour.
Dong Nai’s supporting industries have made impressive progress in recent years, but more needs to be done to further develop them, according to provincial authorities.
Most firms in supporting industries admit having no advantages in terms of adaptability, R&D, managerial systems and operational strategy, exposing the need for more favourable policies to improve their position.
The capital city of Hà Nội has set up many solutions to develop other supporting industries, aiming to increase the municipal supporting industry development index.