A series of workshops and seminars on the potential for promoting economic cooperation between Vietnam and the Umbria region, along with trade and investment promotion events, were hosted by the Vietnamese Embassy in Italy on April 14 – 16.
The Vietnamese medical devices market, which is growing annually at more than 18 percent, relies heavily on imports, representing significant opportunities for foreign businesses, according to the Ho Chi Minh City Medical Equipment Association.
The International Labor Organization (ILO) and the Vietnam Chamber of Commerce and Industry (VCCI) held a forum on employment in the electronics industry in Vietnam to find suitable solutions for the sustainable development of this key industry on July 15 in Hanoi.
More than 90 percent of domestic enterprises are small and medium-sized. The advantage of this business model is that it quickly responds to market fluctuations. However, in the opposite direction, due to small scale and weak internal resources, it is also vulnerable when the market experiences shock.
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.
The Southeast is the key economic region in the South, attracting the most foreign investment (FDI) in the country. Along with efforts to improve the investment environment, Southeastern provinces have been expanding and adding more industrial zones to the planning to attract huge FDI projects and wait for the new investment wave shifting from other Asian countries to Vietnam.
The year 2021 is the first year to implement the socio-economic-cultural development plan in Ho Chi Minh City from 2021 to 2025, at the same time, it is the year that the industry and trade will carry out many important projects approved by the People’s Committee of HCMC.
The Department of Industry and Trade of Ho Chi Minh City, on January 13, held a conference to summarize its activities in 2020, deploy the plan for 2021, and honor the typical industrial and supporting industry products in HCMC in 2020.
After the EU-Vietnam Free Trade Agreement (EVFTA) has become effective for three weeks, many enterprises have actively switched the source of imported raw materials to ensure the rules of origin to make the most of preferential tax rates.
The Government has just promulgated regulations on selective foreign direct investment attraction for nearly three years, but Dong Nai Province has been ahead of the whole country in carrying out this policy for more than ten years. Therefore, the province’s FDI capital invested in the supporting industries is among the highest across the country and is considered as the capital of the supporting industries by many enterprises.
Although participating in global value chain will help businesses increase their values, approach global market and get high profits, only 20 percent of Vietnamese enterprises are able to join in the global value chain.
Processing and manufacturing industry has started to show signs of slowdown as the industry’s potential is too weak and it lacks of strong-enough mechanism to boost development.
