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The government should establish a national steering committee, headed by a deputy prime minister, to promptly resolve problems and challenges facing supporting industries, according to Nguyen Hoang, Vice Chairman of the Vietnam Association for Supporting Industries (VASI).

United States-based video streaming giant Netflix is broadening its mobile-only subscription plans in Southeast Asia and expanding local content just as rival Disney arrives in the fast-growing market.

The Japan External Trade Organisation (JETRO) has been working to increase the level of local content in the manufacturing sector in Vietnam.

Samsung Vietnam has achieved a significant breakthrough in increasing the localisation rate of its products from 35 percent in 2014 to 57 percent at present.

Vietnam produced 34.3 billion USD worth of cellphones and components for export in 2016, 99.8 percent of which made by FDI firms. Low local content ratio in manufacturing may hold back the economy.

Vietnam and Russia have signed an intergovernmental Protocol on supporting the production of motor vehicles in the Southeast Asian country.

The Vietnam National Textile and Garment Group (Vinatex) will strive to raise the local content of its products to 60 percent as of 2018.