Illustrative image (Source: VNA)
 
HCM City (VNA) – The HCM City Department of Industry and Trade joined hands with the Ho Chi Minh City Export Processing and Industrial Zone Authority and the management board of the Saigon Hi-tech Park to connect support industry suppliers at a festival in Ho Chi Minh City on March 14. 

The event attracted 17 foreign firms operating in electronics, automobiles, lorry and mechanical engineering and 80 domestic support industry manufacturers.

Speaking at the event, Deputy Director of the municipal Department of Industry and Trade Nguyen Phuong Dong said networking will help participating firms improve competitiveness and increase local contents in locally-made products.

Under the corporate demand stimulation policy, the department received 12 projects on building workshops and investing in modern equipment at a total cost of nearly 800 billion VND (35.5 million USD).

He said the department vows to work closely with agencies concerned to support personnel training, particularly managerial staff, follow mechanisms and policies of the government and Ho Chi Minh City to guide enterprises how to renovate manufacturing, enhance output and expand markets.

Nguyen Quoc Anh, Chairman of the municipal Rubber Plastic Manufacturers’ Association, said there are a number of policies to support start-ups such as demand stimulation and technological adoption.

In the field of plastics and rubber, the rate of locally-made plastics and rubber used in motorbikes and trucks reached 100 percent and 30 – 40 percent, respectively.

The event is expected to help industrial manufacturers and support industry suppliers access domestic and foreign markets and gradually join in the global supply chain.-VNA