Business

Binh Duong sets up supporting industry association

The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.

Participants in the congress held on June 19 to establish the Binh Duong Association of Supporting Industries (BASI). (Photo: VNA)
Participants in the congress held on June 19 to establish the Binh Duong Association of Supporting Industries (BASI). (Photo: VNA)

Binh Duong (VNA) – The Binh Duong Association of Supporting Industries (BASI) has been officially established in Binh Duong New City.

Vo Son Dien, chief marketing officer at Becamex IDC Corporation and former Chairman of the Young Entrepreneurs Association of Binh Duong province, was elected as BASI’s first Chairman.

At the BASI establishment congress on June 19, Dien said that while the province, an industrial hub in the South, hosts over 30 industrial parks and more than 4,000 FDI firms, local supporting industry enterprises have lacked a representative organisation to foster technology improvement, trade facilitation, and policy advocacy.

BASI was formed to meet that need by connecting enterprises with authorities, as well as with foreign partners.

BASI was established in cooperation with the Vietnam Association for Supporting Industries (VASI), which includes over 400 businesses in mechanics, electronics, new materials, and automobiles.

With VASI’s experience in B2B connecting, international trade fairs, training and consulting, BASI will be a key facilitator of southern Vietnam’s supporting industries.

The domestic supporting industry market is estimated at around 50 billion USD. However, most local firms rely on manual labour, imported components, and intermediate goods.

BASI is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.

BASI has pledged to support member businesses through workforce training, technical innovation, market expansion, and policy engagement. It also plans to host industry conferences, regional forums, and business awards.

Dien noted that BASI aligns with major government policies in 2025, focusing on economic restructuring, a higher rate of domestically made components, and greater global supply chain integration.

Bui Minh Tri, Vice Chairman of the Binh Duong People’s Committee, said that the province will continue to solve difficulties, reform administrative procedures, and create a favourable environment for businesses to invest in production.

He also praised local firms’ resilience amid global economic uncertainties and described BASI’s foundation as a timely initiative to boost competitiveness and rates of domestically made components, positioning Binh Duong as a modern industrial hub./.

VNA
#Binh Duong #supporting industries #Becamex IDC Corporation #industrial parks #FDI #global supply chain Binh Duong
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