Vietnam’s supporting industries receive push to develop further
The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries.
Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade isactively implementing a lot of supporting industry development programmes,given the great importance of supporting industries.
Thanks to these programmes, Vietnamese businesses have beenfacilitated to apply modern quality management standards and systems, increasethe quality of their products, and gradually participate in global supplychains.
However, deputy head of the Science Institute on Small-and-MediumEnterprises Management (SISME) Nguyen Kim Hung said that businesses are facingdifficulties in approaching credit, due to specific characteristics ofsupporting industrial production as well as the low starting point of small-and medium-sized enterprises.
In this context, Chairman of the Vietnam Chamber of Commerceand Industry Vu Tien Loc stressed the need for mechanisms and policies todevelop supporting industries, strengthen connectivity, take advantage of newmarkets, and expand supply channels and diversify markets.
Accordingly, it is necessary to build and govern nationalindustrial policies with the focus on Vietnam’s advantageous fields, developmicro-, small- and medium-sized enterprises, develop domestic privateenterprises, and step up reform in the State sector, Loc added.
The Vietnamese Government recently issued Resolution No. 115on solutions to promote the development of the supporting industries. Theresolution is hoped to create a premise for ministries and sectors to researchand put forward specific policies to deal with existing shortcomings.
Substantial, strong and timely policies are expected toboost the development of supporting industries, thus opening up bigopportunities for Vietnam to anticipate investment flows.
To realise the resolution, the Ministry of Industry andTrade inaugurated the Vietnam – Republic of Korea consultancy and technologysolution centre (VITASK) and a pattern technical centre. The inaugurationmarked a breakthrough of the ministry in supporting domestic enterprises inparticipating in global supply chains, and meeting Korean enterprises’ demandfor high-quality human resources and potential suppliers./.
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Illustrative image (Source: VNA) 
