The Hanoi Supporting Industry Fair opened at the Hanoi International Exhibition Centre (ICE) in the capital city on September 18 with 250 booths by domestic and foreign enterprises from the supporting industry sector.
Hanoi (VNA) – The Hanoi Supporting Industry Fair opened at the Hanoi International Exhibition Centre (ICE) in the capital city on September 18 with 250 booths by domestic and foreign enterprises from the supporting industry sector.
Opening the event, Nguyen Kieu Oanh, Deputy Director of the municipal Department of Industry and Trade, said that the event is part of efforts to realise the city’s target of promoting the industrial sector, of which key pillars are manufacturing-processing and supporting industries.
Currently, the city has nearly 1,000 businesses operating in the support industries, more than 35% of which have production and products that meet international standards, capable of joining the production chain of multinational groups in Vietnam, the region and the world.
The fair displays high-quality and highly competitive products in supporting industries such as components, spare parts, precision machined products, industrial machines of all kinds, and supporting industries serving the high-tech sector.
Through the event, businesses can introduce their products and trademarks, and seek partners in the linkage-supply chain and seek out ways to join global supply chains with multinational corporations in Vietnam as well as those in the region and the world.
According to the Hanoi Department of Industry and Trade, the city launched the construction of technical infrastructure for 27 out of 43 industrial clusters established in the 2018-2022 period, providing spaces for domestic and foreign investors.
The city has connected local firms with their peers from Japan, the Republic of Korea, China and other countries with developed supporting industries.
Hanoi has also sent delegations to Korean and Japanese localities to call for investment in the city.
Hanoi’s support industries have significantly contributed to the national economy and actively engaged in the global supply chain, yet their localisation remains low, resulting in the compulsory import of components worth tens of billions of US dollar each year.
The Ministry of Industry and Trade sent a report to Deputy Prime Minister Tran Hong Ha on receiving comments on a draft decree amending Decree No. 111 on developing support industries with preferential policies to drive innovation and competitiveness.
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