Vietnam increases backing for supporting industry development

The government decided to increase backing for supporting industry development, said the Ministry of Industry and Trade.

The government increases backing for supporting industry (Photo: SGGP)

The government will provide maximum support to enterprises which are suppliers of local and foreign companies, which attract foreign investors in the supporting industry or help other enterprises to apply management system to meet production chains in the globe, help research and development, application of transferred new production technology of accessories, materials.

Enterprises which spread information of supporting industry annually will also receive most support while enterprises which provide training to improve personnel quality will receive support equivalent to 70 percent of the cost from the government.

The People’s Committee in Ho Chi Minh City also has a program to support enterprises in supporting industry, which started on March 26, 2017. Enterprises in the field of mechanism, rubber, food processing, electronic – IT, textile-garment are eligible for loans with preferential interest in seven years after the first disbursement.

By LAC PHONG, MINH HAI – translated by Uyen Phuong

Other news

Most view

The VN-Index of the Ho Chi Minh Stock Exchange (HoSE) rose 21.12 points on July 18 (Photo: VNA)

VN-Index rises over 21 points

The VN-Index of the Ho Chi Minh Stock Exchange (HoSE) rose 21.12 points on July 18, with 223.9 million shares worth over 4.9 trillion VND (211 million USD) traded. 


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.