The Vietnam International Expo on Support Industries and Processing - Manufacturing (VIMEXPO 2021) is scheduled to take place from October 27-29 at the International Centre for Exhibition (ICE) in Hanoi.
The Mekong Delta province of Long An has opportunities and advantages needed for development of a high-tech economic zone in line with the goal set for 2020-2025 by the local Party Committee, said Permanent Deputy Prime Minister Truong Hoa Binh at a conference held in the locality on April 19.
The International Expo on Support Industries and Processing - Manufacturing (VIMEXPO) 2020 kicked off in Hanoi on December 9, featuring nearly 250 stalls from over 170 exhibitors.
Support industries for machinery manufacturing, electronics, and deep processing are forecast to attract greater foreign investment in the years to come, according to insiders.
The Ministry of Industry and Trade (MoIT) has introduced a range of measures to boost the growth of support industries in a bid to promote the engagement of local companies in production chains.
Vietnamese businesses operating in support industries have been developing in both quantity and quality in recent years, with improved production capacity and increasing engagement in global production chains.
Vietnam has worked to raise the number of local part suppliers in the global supply chains, aiming to have about 1,000 enterprises capable of supplying directly to assembly enterprises and multinational corporations by 2025.
The first International Expo on Support Industries and Processing - Manufacturing (VIMEXPO 2020) is scheduled to take place from December 9-11 at Hanoi’s International Centre for Exhibition (ICE) on Tran Hung Dao Street.
There are few opportunities for businesses to develop support industries in Vietnam amid the global economic crisis caused by COVID-19, according to economists.
Prime Minister Nguyen Xuan Phuc has signed a resolution to promote the development of support industries with the aim of having 2,000 enterprises capable of directly supplying parts for multinational corporations in ten years.
The Vietnam Association for Supporting Industries (VASI) and the US Agency for International Development (USAID) teamed up to organise the Manufacturing Match Making Event 2020 in Hanoi on July 23.
The Ministry of Industry and Trade will host a teleconference for trade promotion in support industries between Vietnam and Japan on July 7, attracting about 30 – 40 enterprises from both countries.
The International Labour Organisation (ILO) and the Vietnam Chamber of Commerce and Industry (VCCI)’s HCM City branch on May 14 presented masks and hand sanitiser to companies in the wood and support industries.
Vietnam will make an all-out effort to remove difficulties facing Australian enterprises when exporting to Vietnam during the COVID-19 crisis, Minister of Industry and Trade Tran Tuan Anh told Australian Minister for Trade, Tourism and Investment Simon Birmingham during phone talks on the morning of May 8.
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 COVID-19 pandemic has disrupted global supply chains and exposed many large foreign investors in Vietnam to material shortages, and in response a number of domestic firms in support industries have taken the opportunity to become important “links” within those chains.
The Vietnamese Government stands ready to create all possible conditions for foreign investors, including those from the United Arab Emirates (UAE), Deputy Prime Minister Trinh Dinh Dung told UAE Minister of Economy Sheikh Sultan Bin Saeed Al Mansouri in Hanoi on October 15.
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