HCM City (VNA) – The Ho Chi Minh City exhibition centre on support industry began operation in the southern economic hub on May ཧ6.
The debut featured 450 products from 54 companies, such as the VitViet Industry Production and Trading JSC, Minh Phuc Print and Packaging JSC and Thai Duong Rubber JSC.
Exhibited objects will be updated and replaced constantly to keep up with demand from both suppliers and buyers.
The centre will focus its work on building a database of company profiles, connecting supply and demand in terms of technology and finance, and updating the official website of the sector, among others.
According to Pham Thanh Kien, Director of the municipal Department of Industry and Trade, the centre aims to gather enterprises working in the sector and help them promote products and production capacity.
It is a solution by local authorities to stimulate the support industry, he noted.
At the opening ceremony, Hirotaka Yasuzumi, Chief Representative of the Japan External Trade Organisation (JETRO) in HCM City, said Vietnam has a relatively low rate of domestic supply concerning support industry.
The sector, however, grows faster in the south than in the north, he added.-VNA
A series of three exhibitions on supporting industries were kicked off at the Hanoi International Exhibition Centre on September 10, bringing together more than 100 businesses in the field.
The supporting industry makes up approximately 80 percent of newly-licensed FDI projects in southern Dong Nai province, said the provincial Department of Planning and Investment.
During the workshops, participants were updated on information of Vietnam’s recent economic development and business climate, and those related to preferential policies in investment attraction.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Illustrative image (Source: VNA)
