supporting industries

Update news supporting industries

As many as 299,800 cars were domestically manufactured and assembled in Vietnam in 2021, a 9.1 percent increase compared with 2020, according to the General Statistics Office (GSO).

VN to boost domestic 'supporting industries'

Vietnam is looking to work closely with foreign firms such as Samsung and Toyota to boost the supply of parts within the country, according to the Ministry of Industry and Trade.

 

Car dealers offer big discounts amid Covid-19 outbreak

Car sales have dropped sharply because of the fourth Covid-19 outbreak, prompting dealers to offer big discounts.

Vietnam speeds up development of supporting industries

The Ministry of Industry and Trade (MoIT) will pay greater attention this year to the implementation of projects manufacturing products in supporting industries, as many opportunities have appeared for Vietnam to bolster production and exports.

FDI forecast to flow into supporting industries as investors set up new supply chains

Foreign direct investment in supporting industries is expected to spike in the coming months as more and more foreign companies establish production facilities in Vietnam and seek to develop supply chains here, experts said.

Ministry working to promote growth of support industries

The Ministry of Industry and Trade (MoIT) has introduced a range of measures to boost the growth of support industries in a bid to promote the engagement of local companies in production chains.

Vietnam still dreams of becoming an automobile production base

Some foreign automobile manufacturers and car part producers are considering setting up manufacturing facilities in Vietnam. Will Vietnam take advantage of the opportunity to become a production base in the region?

Vietnam’s participation in the global value chain

The ratio of Vietnamese goods imported and used as input materials by foreign countries is decreasing, while the ratio of Vietnam’s import of input materials to produce goods for end-consumption is increasing. 

How do VN businesses join the global supply chain?

“If enterprises want to join the global supply chain, don’t think local,” said Nguyen Anh Tuan from Samsung Vietnam.

Supporting industries at a crossroads

The foreign capital inflow into Vietnam will help local enterprises expand their production, but the opportunity can only be grabbed by capable enterprises.

Enterprises in supporting industries busy with orders during COVID-19

While other industries complain about the lack of jobs, enterprises in supporting industries have been operating at full capacity to satisfy a high number of orders.

Vietnamese enterprises add jobs as Chinese supplies to int'l buyers are interrupted

International manufacturers are seeking component suppliers in Vietnam, considering Vietnam as an alternative market in the context of Covid-19 escalation.

Supporting industries secure more orders following Chinese supply disruptions

A number of local firms in supporting industries have been receiving more orders from foreign partners due to the coronavirus outbreak disrupting supply chains in China.

What if Samsung relocates high-end production line to Vietnam?

Samsung Electronics has announced the temporary shutdown of its factory in Gumi, South Korea and has relocated the production line of some high-end smartphone models to Vietnam.

Aternative suppliers hard to find during Covid-19

Because of the Chinese supply interruption in Covid-19, Vietnam’s enterprises have tried to import materials from Japan and South Korea. But the two countries have also been suffering from the epidemic.

Automobile industry stimulus policies proposed

The luxury tax rate on electric automobiles and the added value created in Vietnam in automobile manufacturing and assembling may be cut to zero percent to encourage the development of supporting industries.

Vietnam Finance Ministry to remove import tariffs for automotive input materials

The move is aimed to help develop the automotive supporting industries, particularly as Vietnam still has to import massive basic materials for domestic car production.

VN automobile support-industry growth remains modest

The proportion of automobile parts made in Vietnam remains modest because of problems in production costs and quality.

VN textile & garment sector waiting for CPTPP benefits

The textile and garment industry has orders to export $18 billion worth of products, but the opportunities brought by CPTPP have not been that great so far.

Vietnam exporters too dependent on imported materials

Vietnamese enterprises are finding it hard to improve production value since they remain dependent on imported materials.