Binh Duong sets up supporting industry association

The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.

Sunday, June 22, 2025 15:15

Participants in the congress held on June 19 to establish the Binh Duong Association of Supporting Industries (BASI). (Photo: VNA)

Binh Duong (VNA) – The Binh Duong Association of Supporting Industries (BASI) has been officially established in Binh Duong New City.

Vo Son Dien, chief marketing officer at Becamex IDC Corporation and former Chairman of the Young Entrepreneurs Association of Binh Duong province, was elected as BASI’s first Chairman.

At the BASI establishment congress on June 19, Dien said that while the province, an industrial hub in the South, hosts over 30 industrial parks and more than 4,000 FDI firms, local supporting industry enterprises have lacked a representative organisation to foster technology improvement, trade facilitation, and policy advocacy.

BASI was formed to meet that need by connecting enterprises with authorities, as well as with foreign partners.

BASI was established in cooperation with the Vietnam Association for Supporting Industries (VASI), which includes over 400 businesses in mechanics, electronics, new materials, and automobiles.

With VASI’s experience in B2B connecting, international trade fairs, training and consulting, BASI will be a key facilitator of southern Vietnam’s supporting industries.

The domestic supporting industry market is estimated at around 50 billion USD. However, most local firms rely on manual labour, imported components, and intermediate goods.

BASI is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.

BASI has pledged to support member businesses through workforce training, technical innovation, market expansion, and policy engagement. It also plans to host industry conferences, regional forums, and business awards.

Dien noted that BASI aligns with major government policies in 2025, focusing on economic restructuring, a higher rate of domestically made components, and greater global supply chain integration.

Bui Minh Tri, Vice Chairman of the Binh Duong People’s Committee, said that the province will continue to solve difficulties, reform administrative procedures, and create a favourable environment for businesses to invest in production.

🍸 He also praised local firms’ resilience amid global economic uncertainties and described BASI’s foundation as a timely initiative to boost competitiveness and rates of domestically made components, positioning Binh Duong as a modern industrial hub./.

VNA

#Binh Duong #supporting industries #Becamex IDC Corporation #industrial parks #FDI #global supply chain Binh Duong

See more

Deputy Prime Minister Nguyen Hoa Binh (second from right) presents the Prime Minister's decision to establish the Da Nang Free Trade Zone on June 22. (Photo: VNA)

🐈 Vietnam establishes first free trade zone in Da Nang

22/06/2025 15:29

Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.

Pharmaceutical production at a company in Vietnam. (Photo: VNA)

꧑ Vietnam’s pharma sector heats up with major M&A deals

22/06/2025 13:45

PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.

Ngoc Linh ginseng is found within a narrow ecological zone around the peak of Ngoc Linh Mountain. (Photo: VNA)

Quang Nam positioned as medicinal plant hub

22/06/2025 11:57

The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.

Billionaire Pham Nhat Vuong, Chairman of the Vingroup Joint Stock Company. (Photo: VNA)

🐎 Vingroup chairman to contribute nearly 88 million VIC shares to VinSpeed

22/06/2025 03:28

The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.

The US Department of Commerce has initiated anti-dumping and anti-subsidy investigations into hardwood and decorative plywood products imported from Vietnam. (VNA File Photo)

ꦺ Nearly 100 Vietnamese plywood exporters face US trade probe

22/06/2025 00:30

The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.

𝓡 Official logo of resort airline Sun PhuQuoc Airways announced

21/06/2025 15:25

Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.

A customer shops for gold jewellery at a gold shop in Hai Ba Trung district, Hanoi. (Photo: VNA)

ꦓ Central bank proposes mandatory bank transfers for gold

21/06/2025 01:18

A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.

Representatives from Vietnam and Cambodia meet on the sidelines of the workshop held on June 20 in Phnom Penh. (Photo: VNA)

Vietnam, Cambodia strengthen trade cooperation

20/06/2025 23:30

In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.

A truck completes customs clearance at the Huu Nghị international border gate in Lang Son province. (Photo: VNA)

♛ Trucks carrying goods through Lang Son’s border gates reach record high

20/06/2025 22:55

On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.

High-end apartment projects in Gamuda Gardens Urban Area in Hanoi are developed by Malaysian real estate group Gamuda Land. (Photo: VNA)

ꦍ OECD Economic Surveys: Vietnam 2025 report released

20/06/2025 19:31

The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.

Prime Minister Pham Minh Chinh (R) welcomes Antoine Colin, HP Senior Vice President for Global Supply Chain Digital Transformation & Resilience (Photo: VNA)

⛦ HP looks to scale up production capacity in Vietnam

20/06/2025 18:09

Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.

The workshop held in Hanoi on June 19 (Photo: MoIT)

♈ Logistics – a lever for Vietnamese exporters to navigate US tariff headwinds: workshop

20/06/2025 14:51

Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.

🐼 Trade ministry issues warning as Middle East tensions threaten global trade

20/06/2025 14:46

A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.

Vietnam’s e-commerce retail market is currently the third largest in Southeast Asia. (Photo: VNA)

🐼 Over 11,000 e-commerce storefronts flagged for violations in H1

20/06/2025 12:53

In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.

The Vietnamese delegation held a bilateral meeting with representatives of the US Mission. (Photo: VNA)

🌞 Vietnam attends WTO meeting on food safety and animal-plant health

20/06/2025 11:39

On the sidelines of the SPS Committee meeting, the Vietnamese delegation held bilateral discussions with WTO member delegations.

Deputy Prime Minister Tran Hong Ha visits a Vietnamese booth at the fair. (Photo: the Vietnam Trade Promotion Agency)

🅠 Vietnamese exhibitors leave strong mark at China-South Asia Expo

20/06/2025 10:39

Vietnamese exhibitors introduce a wide range of flagship products including seafood, cashew nuts, pepper, coffee, dragon fruit, sliced cassava, coconut-based products, footwear, perfume, and wooden furniture.

Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

20/06/2025 10:34

The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.