Vietnamplus

The ninth Vietnam - Japan Supporting Industries Exhibition (SIE) and the Vietnam Manufacturing Expo (VME) opened via videoconference on September 14 night.

Following directions of the Government, the Ministry of Industry and Trade has coordinated with relevant ministries, sectors and agencies to implement measures to improve the competitiveness of businesses operating in supporting industry, thus promoting the growth of the sector.

The northern province of Thai Binh has applied measures to boost the development of its industrial sector and support industry in particular, focusing on industries supporting garment and textile and mechanical engineering, as part of efforts to become a locality with strong industrial growth in 2025.

The northern province of Vinh Phuc has set the goal of having 70 enterprises eligible to become first-tier and second-tier suppliers for manufacturers of automobile, motorcycle, electronic products and partially supply for large enterprises or corporations or exports by 2030.

The northern province of Vinh Phuc is adopting a number of mechanisms and policies to attract investment in the development of supporting industries, considering it as an important step to build a sustainable industry.

The 2021 Vietnam-Japan Supporting Industry Exhibition (SIE) and the Vietnam Manufacturing Expo (VME) will be held from September 15-17 with both onsite at the Viet Xo (Vietnam-Russia) Friendship Cultural Palace and online via the VME website.

Vietnamese supporting industry enterprises for the electronics industry participate in the value chain, however, most of them only provide simple products with low technology and value.

Automobile sales in Vietnam are forecast to reach 1 million units a year by 2025, opening up substantial opportunities for businesses to develop a supporting industry for the sector.

Ho Chi Minh City has set itself a target of meeting 65 percent of its demand for supporting industry products by 2025 by honouring and supporting business that invest in supporting industries.

Provinces in the southern region plan to expand industrial parks (IPs) and continue improving the business climate to lure foreign investment following the containment of the third COVID-19 outbreak.

Supporting industry enterprises are witnessing huge opportunities from Vietnam joining free trade agreements and more capital flowing into the country.

The 17th Saigon International Autotech & Accessories Show (Autotech & Accessories 2021) is scheduled to take place in Ho Chi Minh City from May 20 to 23 with both offline and online activities.

The authorities of northern Bac Ninh province always create favourable conditions for, and work to promptly remove difficulties facing foreign businesses, including those from the Republic of Korea (RoK), to effectively operate in the locality, Secretary of the provincial Party Committee Dao Hong Lan has said.

Five exhibitions - the Vietnam International Machinery Fair, Vietnam Supporting Industry Fair, Vietnam International Retailtech and Franchise Show, Vietnam International Premium Products Fair, and Vietnam International Maternity Baby and Kids Fair - opened in HCM City on December 17.

A forum on the linkage and investment opportunities for small and medium enterprises (SMEs) was held in Ho Chi Minh City on December 9 as part of the US Agency for International Development (USAID) Linkages for Small and Medium Enterprises (USAID LinkSME) project.

Companies in the supporting industry will get an interest rate subsidy from next year in an effort to promote the development of the part-supply industry, said Pham Tuan Anh, Deputy Director of the Industry Agency under the Ministry of Industry and Trade.

Vietnam needs to have a law on the supporting industry to aid its development, according to the chairman of the Vietnam Chamber of Commerce and Industry (VCCI).

More than half a billion dollars in tax returns have been awarded to firms since 2017 in a bid by the Government to boost the country's auto industry and supporting industry, according to deputy director of the General Department of Vietnam Customs Luu Manh Tuong.

An Phat Holdings (APH) has set a revenue target of 1 billion USD by 2025, becoming a leading producer of hi-tech and environmentally friendly plastic products in Southeast Asia.

Virtual exhibitions for the manufacturing, metalworking and supporting industries, the 2020 METALEX Vietnam - Supporting Industry Show, that opened on October 23 promise to serve as an effective networking platform for local and international companies.