Producing electronic components at a Vietnamese enterprise. (Photo: SGGP)

Domestic electronic enterprises unable to develop

In recent years, electronics industry has always been among top ten industries with highest export proportion of tens of billions US dollars annually. However, this ‘piece of cake’ mostly belongs to foreign direct investment (FDI) enterprises.
Small, super-small-sized supporting industry firms account for 97 percent

Small, super-small-sized supporting industry firms account for 97 percent

According to the Industry Agency under the Ministry of Industry and Trade, after implementing the decree on development of supporting industry for four years, at the present, there are around 1,800 supporting industry enterprises, of which, around 300 enterprises are Vietnamese-owned and the rest is chain businesses.
300 Vietnamese enterprises participate in global supply chain

300 Vietnamese enterprises participate in global supply chain

According to the Ministry of Industry and Trade, there are 1,800 enterprises manufacturing components and spare parts in Vietnam but only around 300 enterprises participate in global production network of multinational corporations, accounting for around 17 percent.
A footwear store in Hanoi’s Phu Xuyen district (Source: VNA)

Leather, footwear sector needs supporting industry

The leather and footwear sector needs to develop supporting industry to reduce reliance on the import of raw materials, enhance competitiveness and boost high-value exports, said Deputy Minister of Industry and Trade Cao Quoc Hung.

Binh Duong supports enterprises in supporting industry

Binh Duong supports enterprises in supporting industry

Thanks to the right orientation and policy of supporting industry development, the southern province of Binh Duong has lured many large projects invested by international corporations, said a report issued by Binh Duong Depertmment of Industry and Trade.
A sourcing fair to link Vietnamese supporting industries with FDI and other manufacturing firms held recently by the HCM City Department of Industry and Trade (Photo: VNA)

HCM City boosts development of supporting industry

Ho Chi Minh City is enacting policies to aid businesses in the supporting industry by encouraging investment, networking between firms and banks, and creating special zones.
Vinh Phuc calls for investments in supporting industry

Vinh Phuc calls for investments in supporting industry

The northern province of Vinh Phuc has called for investments in support industries for automobile, motorbike and electronic production, said Nguyen Van Tri, Chairman of the provincial People’s Committee.