Keyword: "supporting industry"

Hanoi's supporting industry sector has proactively carried out innovation and technology investment to further improve competitiveness and participate in the global supply chain.

Vietnam's footwear and leather industry is poised to achieve 26-27 billion USD in export in 2024, marking a 3 billion-USD increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).

The 22nd Vietnam International Trade Fair (Vietnam EXPO 2024 HCMC) opened in Ho Chi Minh City on December 5.

Domestic enterprises are suggested taking advantage of global supply chain shifts as Vietnam is emerging as an attractive investment destination for global investors.

The 2023 Hanoi Supporting Industry Fair kicked off in Hanoi on August 23.

The 10th Vietnam-Japan Supporting Industries Exhibition (SIE) and the 14th Vietnam Manufacturing Expo (VME 2023) kicked off on August 9 in Hanoi, aiming to tighten the trade relationship of the two countries' enterprises in the supporting industry as well as promote the development of the industrial manufacturing sector in Vietnam.

The 10th Vietnam-Japan Supporting Industry Exhibition (SIE) and the 14th Vietnam Manufacturing Expo (VME) will take place in Hanoi from August 9-11 with the participation of over 200 manufacturers and distributors from 20 countries and territories, organisers of the events have announced.

Supporting industry enterprises in Hanoi will implement various programmes and projects to bring Vietnamese products into global supply chains, according to the Hanoi Supporting Industry Association (HANSIBA).

Vietnam will focus on enhancing the competitiveness of the logistics sector and removing bottlenecks in the industry in order to promote trade and investment with India, an official has said.

As enterprises in the supporting industry continue to foster their production and improve technology in order to make breakthroughs in the recovered market, they need more skilled labourers.

The southern province of Ba Ria-Vung Tau has planned various measures to remove difficulties facing businesses and boost the growth of the supporting industry.

The Vietnam Supporting Industry Fair (VSIF) 2022 and the Vietnam Hardware & Hand Tools Expo 2022 (VHHE) kicked off in Ho Chi Minh City on December 1.

Hanoi’s firms operating in the supporting industry are developing strongly, reflected through the continuous increases in the number of businesses, their scale and quality. However, according to economists, the capital city still needs specific policies to make the sector grow further.

Chairman of Hanoi People’s Committee Tran Sy Thanh has pledged to create all possible conditions for foreign firms, including those from the Republic of Korea, to invest in the city.

Japan’s Onaga Company has recently received an investment certificate for an aeronautical and automotive component manufacturing plant located in the Hanoi Southern Support Industrial Park (HANSSIP). The plant is expected to be put into operation next year.

Many manufacturers in the global supply chain of major firms are gradually focusing on Vietnam.

Toyota Motor Vietnam and the Industry Agency under the Ministry of Industry and Trade have signed a Memorandum of Understanding for a project to enhance domestic enterprises' supporting industry.

The Ministry of Industry and Trade (MoIT) has set a target that the supporting industry's capacity will meet 70 percent of domestic demand by 2030.

The Ministry of Industry and Trade and Samsung Vietnam on February 22 signed a Memorandum of Understanding on cooperation in smart factory development.

Boosting the development of the supporting industry is considered an important solution to help improve the quality and competitiveness of the Vietnamese economy and better serve the processing-manufacturing sector.