Binh Duong is focusing more and more on developing supporting industries to reduce reliance on imports (Photo: sggp.org.vn) Binh Duong (VNS/VNA) - Binh Duong province is pushing ahead with the development of supporting industries to increase the use of local content in manufacturing to reduce costs.
In recent years the province has been focusing on industries that produce raw materials for manufacturing such as fibre, fabric and colouring for the textile and garment industry and metal and components for the mechanical industry.
It has also been creating a favourable investment climate and encouraging small and medium-sized businesses to enter supporting industries.
Binh Duong is among the top five provinces and cities in the country in terms of supporting industries, with around 2,300 such businesses and having domestic businesses that are linked up with foreign businesses to gain access to modern technologies.
However, they only meet around 40-45 percent of the requirements of the textile and garment industry and less than 20 percent in the case of other industries such as electronics and automobiles, according to the provincial Department of Industry and Trade.
Mai Hung Dung, vice chairman of the provincial People’s Committee, said the department has been tasked to work closely with business groups to better understand their demands and with industrial parks to help supporting industry businesses network with domestic and foreign partners, and improve their capabilities.
COVID-19 is affecting manufacturing industries that rely on imports, and businesses are realising the importance of using domestic materials, the department said.
Binh Duong has 29 industrial parks and 12 industrial clusters occupied by over 43,000 businesses in a range of industries./.
VNA
