Hanoi's insufficient support industries are due to small-scale local businesses and their failure to further participate in the global production chain, due to a lack of technologies, limited production capacities and inadequate Government incentives policies.
Hanoi's Industry and Trade Department Director Luu Tien Long delivered this message during a press conference held on Aug. 9 in the capital.
The city's support industries accounted for only 25 percent of its annual industrial production value, he said.
"We are targeting to increase that ratio to 50 percent in the next five years with a focus on developing support industries that serve the textile and garment, electronics, mechanical and engineering and new material production sectors," Long said.
"Helping local enterprises to join the global production chain will also be our top priority," he said.
In order to do so, the department will organise the Industrial Components and Subcontracting Vietnam Expo from September 15-17 in Hanoi, with the participation of 60 Vietnamese companies, mainly from the automobile, electronics, metalworking, plastics and information and communications industries.
At the same time, the Vietnam Manufacturing Expo 2011 to be hosted by Thailand Reed Tradex Company and the fourth Vietnam-Japan Exhibition on Supporting Industries to be co-organised by the Japan External Trade Organisation (JETRO) in Hanoi and the Trade Promotion Agency will also be held.
The Vietnam Manufacturing Expo 2011 will bring together 200 brands from 20 countries and territories, showcasing mechanical tools, auto and ship components, electronic assembly and metalworking and welding technologies.
Meanwhile, the Vietnam-Japan Exhibition on Supporting Industries will display automobile, motorbike and electronics components as well as equipment for the engineering, plastics and packaging industries.
The three events will provide a chance for Vietnamese parts producers to update their technologies and access advanced production methods to restructure their production and sharpen their competitiveness.
Domestic businesses would also be offered the opportunity to introduce their products to foreign clients and in return, foreign buyers could discover reliable parts' producers which would help the firms further access the global production chain, Long said./.
Hanoi's Industry and Trade Department Director Luu Tien Long delivered this message during a press conference held on Aug. 9 in the capital.
The city's support industries accounted for only 25 percent of its annual industrial production value, he said.
"We are targeting to increase that ratio to 50 percent in the next five years with a focus on developing support industries that serve the textile and garment, electronics, mechanical and engineering and new material production sectors," Long said.
"Helping local enterprises to join the global production chain will also be our top priority," he said.
In order to do so, the department will organise the Industrial Components and Subcontracting Vietnam Expo from September 15-17 in Hanoi, with the participation of 60 Vietnamese companies, mainly from the automobile, electronics, metalworking, plastics and information and communications industries.
At the same time, the Vietnam Manufacturing Expo 2011 to be hosted by Thailand Reed Tradex Company and the fourth Vietnam-Japan Exhibition on Supporting Industries to be co-organised by the Japan External Trade Organisation (JETRO) in Hanoi and the Trade Promotion Agency will also be held.
The Vietnam Manufacturing Expo 2011 will bring together 200 brands from 20 countries and territories, showcasing mechanical tools, auto and ship components, electronic assembly and metalworking and welding technologies.
Meanwhile, the Vietnam-Japan Exhibition on Supporting Industries will display automobile, motorbike and electronics components as well as equipment for the engineering, plastics and packaging industries.
The three events will provide a chance for Vietnamese parts producers to update their technologies and access advanced production methods to restructure their production and sharpen their competitiveness.
Domestic businesses would also be offered the opportunity to introduce their products to foreign clients and in return, foreign buyers could discover reliable parts' producers which would help the firms further access the global production chain, Long said./.
