Hanoi to focus on stimulating three support industries hinh anh 1Production at Duc Giang Garment JSC in Long Bien district, Hanoi. (Photo: VNA)

Hanoi (VNA) – Hanoi will prioritise stimulating support industries for the component manufacturing, hi-tech, and textile-garment and footwear sectors and strengthen industrial supply chains in the northern key economic region.

The capital wants to have 900 firms in various support industries this year, of which 400 have production lines and products meeting international standards and are capable of taking part in global supply chains of conglomerates in Vietnam.

By the end of this year, support industries will account for about 18 percent of production in the local manufacturing and processing sector, and the Index of Industrial Production (IIP) of support industries will expand by more than 12 percent to boost economic growth.

The city plans to host an international trade fair and exhibition on support industries this year, featuring not only domestic firms but also foreign producers from Japan, Taiwan (China), Hong Kong (China), and Thailand.

The aim is to connect local manufacturers of components, parts and semi-finished products with partners and improve their chances of becoming part of the industry’s global supply chains.

An international seminar will be held on the sidelines of the event, bringing together policy-makers, company leaders and experts in support industries.

Hanoi will offer training on corporate governance and production management for senior managers of local support industry firms and provide them with updated information about relevant policies and markets both at home and overseas.

It will also support the firms in R&D, technology transfer and innovation, and send specialists to assist them in recieving technology transfers and purchasing copyrights and patents./.