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Update news vietnam supporting industry
Vietnam needed to develop a sustainable supporting industry by increasing the competitiveness of its products and advancing the efficiency of the production and automation processes, according to Ambassador of Sweden to VN Ann Mawe.
Prime Minister Nguyen Xuan Phuc has signed a resolution to promote the development of support industries with the aim of having 2,000 enterprises capable of directly supplying parts for multinational corporations in ten years.
The best companies in the US, Europe and Japan are not picking Vietnam but Malaysia, Indonesia and Thailand, where developed supporting industries and highly-qualified human resources are already in place.