Từ khóa: #localization

Since the beginning of the year, although export turnover has increased by 14.2 percent, import turnover has surged by more than 16.7 percent. The trade balance saw a trade deficit of nearly US$600 million, of which, imported goods were mainly raw materials for production. This shows that domestic enterprises are still dependent on and short of imported materials.

With the desire to conquer the world market by “make-in-Vietnam” products, domestic enterprises have brought many products with Vietnamese characteristics to participate deeply in the global supply and distribution chains. Many business owners confidently affirm that they are on the right track and have initially succeeded in conquering the world market.

The supporting industry has a significant meaning to economic restructuring towards industrialization and modernization. However, with the existing contradictions, if there are no drastic policies and actions, the story of building an autonomous supporting industry will remain far-fetched.