In addition to the efforts of enterprises, Việt Nam''s supporting industry for electronics production needs many helpful policies from the State to promote its development.
Hà Nội will organise two big exhibitions to promote the development of supporting industry in 2025, according to a plan recently issued by the municipal People’s Committee.
The 2024 Sourcing Fair of Supporting Industry with Buyers (SFS) that opened in HCM City on August 28 seeks to link up Vietnamese parts suppliers with foreign and domestic manufacturing firms.
Global production supply chains are led by the multinational corporations and domestic enterprises must cooperate with those companies to join the chains, the experts said.
Experts say Việt Nam''s industrialisation and modernisation strategy for the 2021-2030 period, with a vision to 2045, needs to adapt to rapidly changing domestic and international contexts.
In the Hà Nội Supporting Industry Development Programme until 2024, Hà Nội sets a goal in 2024 to have about 1,000 enterprises operating in the supporting industry, one year before the schedule.
Data from the General Statistics Office of Việt Nam showed that the number of supporting industry enterprises nationwide currently stands at about 5,000.
Over the past years, Viet Nam''s has made improvements in supporting industries thanks to the State''s policies, Director of Trade Promotion Agency Vu Ba Phu.
The Viet Nam-Japan Supporting Industry Exhibition, hosted by the Japan External Trade Organisation (JETRO) Office in Ha Noi and the Ministry of Industry and Trade (MoIT)''s Trade Promotion Agency will attract nearly 50 enterprises from Viet Nam and Japan.
Pham Tuan Anh, deputy director of the Department of Industry under the Ministry of Industry and Trade, told the Vietnam News Agency reporter about solutions to promote Viet Nam''s supporting industry.
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.
Local supporting industry companies should promote themselves and their products to foreign-owned manufacturing companies in Viet Nam seeking to source components within the country, speakers said a sourcing fair in HCM City.
Foreign companies in Viet Nam are increasingly looking to source components and parts locally, offering local firms a great opportunity to enter global supply chains, a meeting heard in HCM City.
Only a few spare parts are produced domestically, forcing domestic manufacturing and assembling enterprises to import automobile spare parts from other sources, experts said.