Despite great potential, the national supporting industry is still rather weak. This is the conclusion drawn from the ‘Connection Meeting for the Supporting Industry’, held yesterday in Da Nang City.
Currently, about 800 Vietnamese supporting industry enterprises are working as level 1-2 suppliers to multinational corporations, a leader of the Vietnam Industry Agency under the Ministry of Industry and Trade.
The Ho Chi Minh City Industry and Trade Department has just introduced the list of 85 excellent industrial and supporting industry products of the city in 2022.
Over 96 percent of supporting industry businesses are categorized as small and medium-sized enterprises, and their limited collaborative capacity has been a hindrance to their participation in global supply chains.
The Vietnam Supporting Industry Fair (VSIF) 2022 and the Vietnam Hardware & Hand Tools Expo 2022 (VHHE) kicked off in Ho Chi Minh City (HCMC) on December 1.
The Korean Chamber of Business in Vietnam (KOCHAM) revealed on August 16 that over 300 out of 1,800 enterprises within Vietnam's supporting industrial sector have engaged in the worldwide supply chain of Korean end-product manufacturing businesses.
A conference to find suppliers of supporting industry products in 2022 organized by the People's Committee of Ho Chi Minh City with the participation of nearly 300 domestic and foreign enterprises was a golden opportunity for enterprises producing supporting industry products to penetrate deeply into the global supply chain of foreign-invested enterprises (FDI) producing end products.
Ms. Le Nguyen Duy Oanh, Deputy Director of the Center for Supporting Industry Development of Ho Chi Minh City, yesterday said that it is a positive signal nearly 5,000 domestic enterprises operating in processing and manufacturing have been so far participating in the production of supporting industry products.
Increased foreign investment attraction has in recent years continuously created great opportunities for domestic enterprises to join the global supply chain. However, many businesses said that they still need assistance.
SGGP Newspaper has conducted an interview with the leader of HCMC Finance & Investment State-owned Co. about solutions to get more capital for manufacturing activities after Resolution 98/2023/QH15 was approved by the National Assembly.
Minister of Foreign Affairs Bui Thanh Son hosted a reception in Hanoi on August 29 for Governor of Japan's Nagasaki prefecture Oishi Kengo, who is on a working visit to Vietnam from August 27-31.
On average, one Vietnamese dong (VND) of the State budget is spent to attract around investment capital of VND6.8 from the society in this period, presenting one of the great significances of investment promotional programs.
Nearly 1,000 foreign enterprises from 28 countries and territories, including giants such as Boeing, Walmart, and Central Retail, have entered Vietnam to explore investment opportunities and seek partners since early September.
On June 17, the Ho Chi Minh City Union of Business Association (HUBA) held a seminar entitled "Special Mechanisms - Opportunities for Businesses to Develop with the City."
Prime Minister Pham Minh Chinh called on Chinese investors to expand investment in Vietnam, while addressing the Vietnam - China Trade and Investment Cooperation Forum in Beijing on June 28 within the framework of his official visit to China.