Developing support industries for automobiles remained a key priority to improve efficiency and cut down costs, said industry leaders and policymakers in an automobile conference held in Ha Noi recently.
The Ministry of Industry and Trade in partnership with the International Finance Corporation (IFC) – a member of the World Bank Group – Australian Department of Foreign Affairs and Trade (DFAT) and the Swiss State Secretariat for Economic Affairs (SECO)...
The AHK world business outlook 2019 was released in Ha Noi yesterday by the Association of German Chambers of Commerce and Industry (AHK) in Viet Nam at a press conference.
Prime Minister Nguyen Xuan Phuc requested that ministries, sectors and localities adjust their policies to speed the development of the automobile and support industries.
The domestic automobile parts industry has failed to reach the set target despite support from the Government, said Nguyen Thi Tue Anh, deputy director of the Central Institute for Economic Management (CIEM).
The northern Vinh Phuc Province has called for investments in the automobile, motorbike and electronic production support industries, said Nguyen Van Tri, chairman of the provincial People’s Committee.
The capital city of Ha Noi has launched a development plan for support industries in Ha Noi during the period 2017-20, and continuing to 2025, to promote development of enterprises within the industry.
HCM City plans to provide special policies and incentives for businesses, especially small- and medium-sized enterprises (SMEs), which invest in support industries.
Nepcon Vietnam 2016, an international exhibition on SMT, testing
technologies, equipment and support industries for electronics
manufacturing, will be held in HCM City in October.
Viet Nam should boost the development of support industries to improve
the production chain for multinational corporations, as it can meet a
modest portion of local demand for raw materials.
Two banks and an industry association have joined hands with a
concerned government agency to boost Viet Nam''s support industries with
much-needed financial and infrastructure assistance.