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.
More than 250 brands are participating at METALEX Vietnam 2022, an annual exhibition showcasing machinery, tools and metalworking industry, and Supporting Industry Show 2022, which opened in Ho Chi Minh City on October 6.
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.
METALEX Vietnam, an annual exhibition showcasing machinery, tools and the metalworking industry, and the Supporting Industry Show 2022, will be held from October 6-8 at the Saigon Exhibition and Convention Centre.
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.
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 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.
The complicated developments of the COVID-19 pandemic has been posing both challenge and opportunity for the supporting industry sector in Hanoi, requiring businesses in supply chains to promptly adapt and make flexible changes.
Quang Nam is exerting efforts to improve its investment environment and speed up administrative reform to attract more investors, especially in supporting industry, said Le Tri Thanh, Chairman of the People’s Committee of the central province.
A Vietnamese stall at the Mechanical Components & Materials Technology Expo (M-Tech) in Japan’s Osaka Prefecture has attracted numerous visitors who sought cooperation opportunities.
The People's Committee of Bac Ninh province has approved a programme on the development of supporting industries for the 2021 – 2025 period with total funding of nearly 154 billion VND.
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