supporting industries

Update news supporting industries

Vietnamese enterprises are still hoping to become vendors for Samsung, but need to change their ways of doing business if they want to succeed, analysts say.

Vietnam struggles to reach 4.0 Industry standards

While some experts are optimistic about Vietnam’s performance in the 4.0 Industry era, mechanical engineering companies believe the country is still beginning the “3.0 industry revolution”.

Automobile support industries still sluggish

VietNamNet Bridge - The import tariff on cars with fewer than 9 seats from ASEAN countries has been cut to zero percent, but the car prices do not decrease, but are even higher than previously.

Component suppliers to Japan enterprises? Still a distant goal

Only a few Vietnamese enterprises have become vendors that supply components and accessories to multinationals, though Vietnam has vowed to develop supporting industries.

Vietnam businesses excluded from global value chains

Vietnamese businesses cannot squeeze into foreign conglomerates’ global production chains, even though they can make products satisfying requirements by importers in developed countries.

Vietnam still struggling to develop supporting industries

VietNamNet Bridge - Vietnam has been trying to develop support industries for 30 years, but is still finding it difficult to squeeze into the global supply chain.

Vietnamese enterprises try to squeeze into global production chains

VietNamNet Bridge - In the last 30 years, Vietnam has attracted massive amounts of FDI but has missed opportunities to develop supporting industries.

US businesses seek suppliers, but are Vietnamese firms ready?

VietNamNet Bridge - Economists, while agreeing that Vietnam has opportunities to boost exports to the US and other choosy markets, say enterprises may not be prepared to grasp the chances afforded to them. 

Vietnamese support industry sees big improvements

VietNamNet Bridge - Many electronics and engineering companies have become first-class suppliers for foreign-invested enterprises in Vietnam.

Vietnam has too many "key" industries: economists

VietNamNet Bridge - So many industries are listed as ‘leading-edge industries’ that it is unclear which of these should be accorded top priority for development.

Businesses buy foreign companies in support industries

VietNamNet Bridge - Vietnamese conglomerates are buying foreign companies in support industries to implement their strategy to squeeze into global supply chains.

VN shipbuilding needs to grow

 VietNamNet Bridge – Do Thai Binh, the Vice Chairman of the Viet Nam Shipbuilding Association, spoke with Hai Quan (Customs) Newspaper about the growth potential of Viet Nam’s shipbuilding industry.

Gov’t mulls aid for supporting industries

 VietNamNet Bridge – The Government is considering allocating VND1.72 trillion (US$76.85 million) for a scheme to boost the development of supporting industries in the 2016-2025 period.

Japanese set up factories looking for supply chains, not partners

Many Japanese investors have left China for Vietnam where they believe they can have a more attractive investment environment. However, they have not chosen Vietnamese enterprises for their global supply chains.

EU offers golden opportunity for supporting industries

The EU-Vietnam Free Trade Agreement (FTA) is set to offer great opportunities for the Vietnamese export market. However, opportunities may be missed if supporting industries are not prepared quickly enough to take advantage of them.

Engineering companies beg for jobs in home market

Electrical engineering companies complain they have to struggle to obtain jobs in Vietnamese-invested projects, even though the government has promised to increase the localization ratios in thermal power projects.

Ministry, economists disagree on using ODA for support industries

The Ministry of Planning and Investment (MPI) has said that the official development assistance (ODA) is reserved for investment and development, not for commercial purposes. Economists say that ODA is not a ‘magic wand’ for support industries. 

Experts propose using ODA to develop support industries

VietNamNet Bridge - Experts have suggested that ODA (official development assistance) should be used to fund the support industry in Vietnam.  

Decree on supporting industries offers a lot of investment incentives

VietNamNet Bridge - There will not be the VND30 trillion fund to support the development of supporting industries as initially planned. Instead, there will be a lot of investment incentives to be offered to businesses in the fields.

Samsung agrees to take domestic parts suppliers

VietNamNet Bridge - More Vietnamese manufacturers who found it difficult to become part of Samsung’s global supply chain, are becoming component suppliers for Samsung.