The scale of Vietnamese supporting industry enterprises is mainly small and micro, so most of them have low technology and management levels and limited human resources.
Data from the Quảng Ninh Statistical Office shows that the production index of the province''s manufacturing and processing industry rose by 12.99 per cent in the first eight months of this year.
Special priority has been given to businesses that apply modern and clean technologies, reduce resource losses, products with high-added value and participate in the global value chain.
Việt Nam’s capacity of processing and manufacturing industry remains limited and heavily relies on foreign supply chains for imported components and accessories thus leading to difficulties for local businesses, particularly in the context of COVID-19 pandemic.
The ministry has suggested localities develop material production regions, industrial parks and economic zones to ensure they have raw materials for domestic production.
The processing and manufacturing industry in Viet Nam has not integrated into the global production network and value chain despite its high growth rate of 14.5 per cent in 2017.
The impressive growth was fuelled by the processing and manufacturing industry, which rose by 14.5 per cent year-on-year, the highest level over the past six years
Foreign investors from the Association of Southeast Asian Nations
(ASEAN) are showing interest in the processing and manufacturing
industry in Viet Nam, the Foreign Investment Agency has said.
The processing and manufacturing industry was the highlight of the
industry and trade sector in 2014, with a growth rate of 8.7 per cent
and an 11.1 per cent increase in sales index, the Ministry of Industry
and Trade (MOIT) reported.