Topic: supporting industry

A crucial recommendation was to allocate dedicated land for the supporting industry.

Program to include training high-quality human resources.

Gap remains between technologies applied by enterprises and the curriculum of training facilities.

Cooperation with local supporting enterprises helps cut production costs.

Manufacturers paying little attention to energy efficiency solutions due to limited financial and technical capacity.

Capital targets having 950 firms in supporting industry by year’s end.

The 5th “Sourcing Fair Supporting Industries” gathering is being held on September 8 and 9 in Ho Chi Minh City, with the participation of major domestic and foreign enterprises in the fields of electronics, mechanical engineering, and hi-tech medical. Enterprises need to find suppliers for more than 500 components to boost production localization.

Only some 30 per cent of enterprises in Vietnam’s supporting industry have joined global supply chains and value chains, according to the Ministry of Industry and Trade. This shows that the link between local and foreign enterprises is yet to be fully developed.