Vietnamplus

According to the Ministry of Industry and Trade, currently many industrial firms of Vietnam have not mastered the core technology, and they mainly join sections of low technological contents and added values.

The supporting industry boosted the development of Vietnam's industrial real estate market last year, according to CBRE Vietnam Co, Ltd.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung has called on companies of the Republic of Korea to increase their investment in Hanoi in the time to come.

A series of expositions, namely Metalex Vietnam, Welding Vietnam, and Robot X HCMC, opened at the Saigon Exhibition & Convention Center in Ho Chi Minh City on October 10.

The southern province of Binh Phuoc has so far this year attracted 224 foreign-invested projects,with over 2.2 billion USD of FDI disbursed.

Businesses operating in the spheres of electricity and electronics support industry in the northern province of Vinh Phuc raked in nearly 2.6 billion USD in the first nine months of this year, up 8 percent year-on-year.

The Ministry of Industry and Trade will propose to build a credit package of 100 trillion VND (4.4 billion USD) for developing the support industry for industrial sectors, especially automobile production.

The 11th Vietnam Manufacturing Exhibition and the 8th Vietnam-Japan Supporting Industries Exhibition opened in Hanoi on August 14, showcasing latest technologies and modern machinery in the manufacturing and support industries.

According to the Ministry of Industry and Trade, currently many industrial firms of Vietnam have not mastered the core technology, and they mainly join sections of low technological contents.

Ho Chi Minh City's preferential policies for the supporting industries in recent years has helped companies expand and secure contracts as suppliers with foreign-invested companies.

Vietnamese and Chinese enterprises are encouraged to tap into the great bilateral trade potential driven by the two countries’ open trade policies, experts have said.

The Ministry of Industry and Trade (MoIT) has proposed a 100 trillion VND (4.31 billion USD) preferential credit package for the development of the country’s support industry.

The southern province of Binh Duong recorded 7.16 percent year-on-year growth on the industrial production index in the first quarter of 2019, said Nguyen Van Danh, Director of the provincial Department of Industry and Trade.

Samsung Vietnam, in collaboration with the Ministry of Industry and Trade (MoIT), on April 2 launched a training programme for fostering Vietnamese consultants to improve the production efficiency of local enterprises in 2019, thus gradually meeting the requirements of global supply chains.

The automobile industry, which is a high-tech industry, holds an important role to the industrial development of the country, Prime Minister Nguyen Xuan Phuc has said.

Garment and textile products was among the top exports of Vietnam in 2018 after reeling in more than 36 billion USD in revenue, an annual increase of 16.1 percent.

Samsung in collaboration with the Ministry of Industry and Trade of Vietnam officially launched its first course in the Republic of Korea on March 4 for Vietnam’s support industry experts.

The Vietnamese Government highly appreciated investors from the Republic of Korea (RoK), including Samsung, for their efforts towards maintaining the RoK’s position as the largest foreign investor in Vietnam for many years, said Deputy Prime Minister Trinh Dinh Dung.

Bac Ninh province, about 60km north of Hanoi, handed over investment licenses and signed land-use contracts with many domestic and foreign investors right on the first days of 2019, according to local authorities.

The southern province of Dong Nai granted investment licenses to seven new direct investment (FDI) projects and approved capital addition to four existing others, with total capital of 52.4 million USD in January 2019.