Hanoi to focus on stimulating three support industries
Hanoi will prioritise stimulating support industries for the component manufacturing, hi-tech, and textile-garment and footwear sectors and strengthen industrial supply chains in the northern key economic region.
Production at Duc Giang Garment JSC in Long Bien district, Hanoi. (Photo: VNA)
Hanoi(VNA) – Hanoi will prioritise stimulating support industries for the component manufacturing, hi-tech, and textile-garment and footwear sectors andstrengthen industrial supply chains in the northern key economic region.
The capital wantsto have 900 firms in various supportindustries this year, ofwhich 400 have production lines and products meeting international standardsand are capable of taking part in global supply chains of conglomerates inVietnam.
By the end ofthis year, support industries will account for about 18 percent of production in the local manufacturing and processingsector, and the Index ofIndustrial Production (IIP) of support industries will expand by more than 12percent to boost economic growth.
The city plansto host an international trade fair and exhibition on support industries thisyear, featuring not only domestic firms but also foreign producers from Japan,Taiwan (China), Hong Kong (China), and Thailand.
The aim is to connect local manufacturers of components, parts and semi-finished products with partners and improve their chances of becoming part of the industry’s global supply chains.
Aninternational seminar will be held on the sidelines of the event, bringingtogether policy-makers, company leaders and experts in support industries.
Hanoi willoffer training on corporate governance and production management for seniormanagers of local support industry firms and provide them with updatedinformation about relevant policies and markets both at home and overseas.
It will alsosupport the firms in R&D, technology transfer and innovation, and send specialists to assist them inrecieving technology transfers and purchasing copyrights and patents./.
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The COVID-19 pandemic has disrupted global supply chains and exposed many large foreign investors in Vietnam to material shortages, and in response a number of domestic firms in support industries have taken the opportunity to become important “links” within those chains.
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Production at Duc Giang Garment JSC in Long Bien district, Hanoi. (Photo: VNA)
