Vietnamplus

Vietnamese enterprises should dig into new technologies to improve product quality and brands so as to better engage in the global value chains, Minister of Industry and Trade Tran Tuan Anh has said.

Vietnam’s automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.

A few years ago, Samsung, a world-leading electronics company, encouraged local Vietnamese firms to produce spare parts for its factories.

Despite the imposition of anti-dumping duties on colour-coated steel products by Indonesian authorities, Vietnamese steel producers should not worry about the possibility of losing competitiveness, according to the Vietnam Steel Association (VSA).

The supporting industry for Vietnam’s automobile manufacturing sector is still underdeveloped, heard a seminar on the industry’s development in the fourth industrial revolution on March 13.

Despite Government efforts, domestic auto production has not yet satisfied demand. Pham Anh Tuan, Deputy Director of the Department of Heavy Industry, talks about domestic automaking prospects.