Illustrative image (Source: VNA) During a seminar held in Hanoi onMay 29 to review the project, Director of the Supporting Industry EnterprisesDevelopment Centre (SIDEC) Truong Thi Chi Binh said among more than 200participating enterprises, 98 percent of them have increased sales while 38percent have recorded higher export earnings.
The project has connected spareparts manufacturers with buyers worldwide, particularly those in the Europeanmarket, and assisted in building relevant policies.
Thanks to the project’s support, theVietnam Association for Support Industries (VASI) was born in March 2017 whichlinks together businesses, organisations and individuals working in the field. Upto 30 training courses in manufacturing-trade have benefited 1,500 people while67 stalls were organised for businesses in eight international fairs in Europe.
Do Thi Thuy Huong from theVietnam Electronics Industries Association said the project has made it easierfor Vietnamese firms to supply products to Samsung.
Participants suggested ministriesand agencies concerned offer support in training, connectivity and joininginternational fairs.
According to Binh, Vietnam isstrong in products requiring both machinery and hand assembling, such aselectronic circuit which is sold well at international fairs.
The government was urged to offerincentives to businesses regarding loans, technology and training in order tofacilitate Vietnam-European Union (EU) trade.
The VASI also needs to improveits consultancy capacity and training for manufacturing firms.
The “Vietnam’s SupportingIndustries to Europe” project was funded by the EU with a total cost of morethan 412,000 EUR.
Carried out from June 2014 – June2017, it aims to improve the capacity of Vietnam’s small and medium enterprisesin support industry, particularly in engineering, electricity-electronics,plastics and rubber.-VNA
VNA
