Vietnamese firms are among the 650 businesses taking part in the 2019 India International Hospitality Expo (IHE 2019), which will be held in Uttah Pradesh state of India from August 7 to 10.
Vietnamese firms in the mechanical engineering outsourcing sector have low competitiveness when joining global supply chains largely due to their small scale, technological shortages, and low productivity.
The Government has asked for drastic measures to review and choose suitable foreign-invested projects, while applying solutions to attract investment and technology transfer from world leading firms with environmentally friendly high technologies.
Insiders have recommended Vietnam pay attention to developing weaving and other production activities supporting the textile-garment sector to make best use of the EVFTA, a freshly-inked free trade agreement with the European Union.
The southern province of Binh Duong is facilitating the development of supporting industries in order to meet local production needs and reduce reliance on imports, according to the provincial Department of Industry and Trade.
The 16th International Exhibition on Automobile, Transportation and Supporting Industry (Vietnam AutoExpo 2019) kicked off at the National Convention Centre in Hanoi on June 12.
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.
Exhibition organiser Reed Tradex Vietnam and the Japan External Trade Organisation (JETRO) on May 30 signed a cooperation agreement to organise the Vietnam-Japan Supporting Industry Exhibition (SIE 2019) and the Vietnam Manufacturing Expo (VME 2019) from August 14-16 in Hanoi.
Twenty-six Vietnamese businesses in the supporting industry joined the fourth Manufacturing World Nagoya (M-Tech Nagoya) trade show, which took place in Nagoya, the capital city of Japan’s Aichi Prefecture from April 17-19.
The Ministry of Finance has added environmentally-friendly cars to the list of vehicles with spareparts entitled to special preferential import tariffs.
The southern province of Dong Nai has attracted more than 373 million USD in 38 foreign direct investment (FDI) projects so far this year, accounting for 37 percent of the yearly plan.
The 16th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) will take place at the Vietnam National Convention Centre in Hanoi from June 12-15.
Only about 300 of the over 1,800 businesses working in supporting industries in Vietnam have joined production chains of multinational enterprises, a figure described by analysts as too modest.
The leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports, said Deputy Minister of Industry and Trade Cao Quoc Hung.
More than 1.76 billion USD in foreign direct investment (FDI) landed in the southern province of Dong Nai during January-November, surpassing the yearly target of 76 percent.
The production index of electronic goods for the first 10 months of the year increased by more than 17 percent year-on-year, according to the HCM City Department of Industry and Trade.
Vietnam’s supporting industry has been keeping up with the pace of global modern production industry, said experts attending the New Value Creation Exhibition 2018, which is taking place in Tokyo, Japan from November 14-16.
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