Greater support for domestic firms to join global supply chains

Greater support for domestic firms to join global supply chains

(VEN) - Joining global supply chains remains a challenging issue for Vietnamese supporting industry businesses.
Material, spare part self-supply imperative

Material, spare part self-supply imperative

(VEN) - Vietnam’s supporting industry needs to advance their self-reliance and reduce dependence on imports to improve the value and competitiveness of products in the global value chain.
Downstream industries key to development of mechanical supporting industry

Downstream industries key to development of mechanical supporting industry

(VEN) - Mechanical support industry provides components for downstream industries. However, this industry is facing difficulties leading to weak capacity to participate in the supply chain.
Developing supporting industries towards building a self-reliant industry

Developing supporting industries towards building a self-reliant industry

Việt Nam's supporting industry needs to advance self-reliance and reduce dependence on imports to improve the value and competitiveness of products in the global value chain.
More connection needed for market expansion

More connection needed for market expansion

(VEN) - Apart from the support in terms of mechanism and policy, supporting industry firms want relevant authorities to provide them with more information about market demand.
Leather & footwear industry to increase local content

Leather & footwear industry to increase local content

(VEN) - The leather and footwear industry, a leading exporter of Vietnam, has reached an average export growth of more than 10 percent per year. The sector set a target of increasing its local content rate to 75-80 percent in 2025.
Vietnam to master mold manufacturing technology

Vietnam to master mold manufacturing technology

(VEN) - Mold manufacturing technology is a particularly important manufacturing industry, considered the foundation of modern industry, with the capability to create large quantities of products in a short time.
Toolkit for manufacturing, support industries launched

Toolkit for manufacturing, support industries launched

(VEN) - The digital transformation review toolkit for Vietnam’s manufacturing and supporting industries will play an important role in enterprises’ journey towards smart and sustainable production models to boost their international competitiveness in global value chains.
Localization is no longer a dream

Localization is no longer a dream

(VEN) - The output of automobiles manufactured/assembled in Vietnam kept increasing in recent years, creating favorable conditions for domestic component and spare part suppliers to join supply chains. Localization is no longer a dream for the Vietnamese automotive industry.
VIMEXPO 2023 promotes connections for development

VIMEXPO 2023 promotes connections for development

(VEN) - The fourth Vietnam International Supporting Industry and Manufacturing Exhibition (VIMEXPO 2023) took place in Hanoi from November 15-17. The event connected Vietnamese companies with multinational firms and foreign businesses in supporting, processing and manufacturing industries.
Runway for supporting industry to take off

Runway for supporting industry to take off

(VEN) - Developing supporting industries is important for economic restructuring towards industrialization and modernization, contributing to increasing the proportion of the processing and manufacturing industry in Vietnam’s economic structure.
Supporting industry giants favour Vietnamese market

Supporting industry giants favour Vietnamese market

In the last months of 2023, a lot of supporting industry giants have announced their strategies to penetrate the Vietnamese market, given the fact that the country has become a strategic destination in the global supply chain.
Global engineering firms interested in Vietnam

Global engineering firms interested in Vietnam

(VEN) - Recently, more than 140 exhibitors of advanced technologies and equipment in the field of engineering and manufacturing from 17 countries and territories participated in the ninth Vietnam International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA Hanoi 2023) to seek opportunities for cooperation with Vietnamese partners.
Footwear support industry needs strong breakthroughs

Footwear support industry needs strong breakthroughs

(VEN) - The leather and footwear industry has set a target to increase the localization rate of raw materials and auxiliary materials to 75 to 80 percent.
Opportunities for technology and electronics enterprises

Opportunities for technology and electronics enterprises

Taking place at the Saigon Exhibition & Convention Centre, the 16th edition of Vietnam’s International Exhibition on Machine Tools & Metalworking Solutions for Production Upgrade (METALEX Vietnam 2023) and International Electronics Manufacturing Technology Trade Exhibition and Conference (NEPCON Vietnam 2023) are organized by RX Tradex Vietnam – ASEAN’s leading exhibition organizer.
Mechanical supporting industry enhancing exports

Mechanical supporting industry enhancing exports

(VEN) - Recently, a number of mechanical products manufactured by Vietnam have had good quality, equivalent to that of some countries in the region.
Measures to move support industry forward

Measures to move support industry forward

Việt Nam's support industry has grown steadily over the past decade to around 5,000 companies, producing components for domestic demand and exports.
Preferential interest rate stimulus for supporting industry

Preferential interest rate stimulus for supporting industry

(VEN) - Recently, the Ministry of Industry and Trade (MoIT) has proposed to the Government amendments to the Decree No.111/2015/NĐ-CP on the development of supporting industry.
Connecting Vietnamese, Japanese supporting firms

Connecting Vietnamese, Japanese supporting firms

(VEN) - A seminar was held recently in Hanoi to discuss ways to attract investment in high technology and supporting industries, and the experience and solutions for participation in the production and supply chains of major enterprises and large corporations. Participants presented many opportunities to connect Vietnamese and Japanese businesses in these fields.
Ample room remains for VN-Japan cooperation in supporting industries

Ample room remains for VN-Japan cooperation in supporting industries

There remains ample room for Vietnamese and Japanese enterprises to foster cooperation in supporting industries that are increasingly developing and playing an important role in Việt Nam's participation in the global supply chain as well as the global value chain, insiders have said.
The Automotive World China 2023 opens new opportunities for Vietnamese businesses

The Automotive World China 2023 opens new opportunities for Vietnamese businesses

The Automotive World China 2023, slated to be held October 11-13 in Chinese Shenzhen City, would provide Vietnamese businesses with opportunities to discover innovative applications, accelerate smart automation upgrading in auto manufacturing, optimise the supply chain.
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Firms get updates on EU regulations on imported agricultural products, foods

Firms get updates on EU regulations on imported agricultural products, foods

The European Commission’s Directorate-General for Health and Food Safety (DG-SANTE), in collaboration with the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (Vietnam SPS), held a conference disseminating regulations on imports of agricultural products and foods of plant and animal origin into the EU market on May 7.
Fansipan Rose Festival 2024 offers tourists fascinating experiences

Fansipan Rose Festival 2024 offers tourists fascinating experiences

(VEN) - Themed “A Millions Roses,” the Fansipan Rose Festival 2024 which takes place in Sa Pa, Lao Cai from April 27 to June 30, will feature unique, attractive and completely new activities.
Retail sales, services revenue up 8.5 per cent in four months

Retail sales, services revenue up 8.5 per cent in four months

In April alone, the value was VNĐ522.1 trillion, a rise of 9 per cent from the same period last year.
Bình Thuận works to stop fishing vessels from infringing on foreign waters

Bình Thuận works to stop fishing vessels from infringing on foreign waters

BÌNH THUẬN – The People’s Committee of the south-central province of Bình Thuận on May 7 requested extra efforts to resolutely not let any local fishing vessels and fishermen violate foreign waters so as to fight illegal, unreported and unregulated (IUU) fishing.
Food safety key for exports to Northern Europe

Food safety key for exports to Northern Europe

(VEN) - Food safety and hygiene are key for Vietnamese food exports to Europe in general and Northern Europe in particular.
green transformation in tourism starts with correct understanding awareness expert

Green transformation in tourism starts with correct understanding, awareness: expert

Many tourism businesses still have insufficient and incorrect understanding of these principles so the implementation of green tourism within the Vietnamese business community is still limited.
vietnamese celebrated director to head jury at shanghai international film festival

Vietnamese celebrated director to head jury at Shanghai International Film Festival

According to the organisers of the film festival, the works of the Vietnamese French director and scriptwriter, who won the Best Director Award at the 76th Cannes Film Festival in 2023 for The Taste of Things, blend the expressions of Eastern and Western cultures, with sensitivity, delicacy, and a romantic style.
hcm city achieves 127 million in tourism revenue over five day holiday

HCM City achieves $127 million in tourism revenue over five-day holiday

HCM City’s tourism revenue is estimated at more than VNĐ3.23 trillion (US$127 million) during the five-day holiday celebrating Reunification Day from April 27-May 1, according to the city Department of Tourism.
optimising unesco titles for national development

Optimising UNESCO titles for national development

With 65 UNESCO titles spanning all the 63 cities and provinces, Việt Nam contributes to enriching, protecting, and promoting the cultural treasures of humanity. This helps international friends better understand the country, its people, traditions, and history.
7 places that are worth a visit in dien bien

7 places that are worth a visit in Điện Biên

Here are seven recommended places for those who intend to visit the province.
Decree fosters industrial  cluster development

Decree fosters industrial cluster development

(VEN) - The Government has recently issued Decree 32/2024/ND-CP (Decree 32) on the management and development of industrial clusters (ICs), creating a more favorable mechanism for IC development.
Decree regulates conditions for cars from abroad to Việt Nam

Decree regulates conditions for cars from abroad to Việt Nam

HÀ NỘI — Foreign drivers using their vehicles in Việt Nam must complete a stringent set of procedures through a recognised travel company before they enter the country.
Fresh policies come into effect in May 2024

Fresh policies come into effect in May 2024

New policies regarding standards for civil servants holding leadership and management positions, management and development of industrial clusters, transportation of dangerous goods, and penalties in fishing sector shall come into effect this May.
Employment Law to be revised for better assurance of employees’ interests

Employment Law to be revised for better assurance of employees’ interests

The Ministry of Labor, Invalids and Social Affairs (MOLISA) has recently released the latest draft of the amended Law on Employment with several significant changes.
IC development challenges Dong Nai Province

IC development challenges Dong Nai Province

(VEN) - Under the plan, the southeastern province of Dong Nai will have 27 industrial clusters (ICs) with a total area of almost 1,500 hectares in the 2021-2025 period. However, only four of the 27 ICs have had their infrastructure projects accomplished as of the end of 2023, while the rest are still under investment procedure handling and site clearance.
Textile and garment businesses face difficulties due to lack of domestic supply

Textile and garment businesses face difficulties due to lack of domestic supply

HÀ NỘI — The textile and garment industry has long faced an imbalance between production stages.
Automobile industry reported strong sales in Q1

Automobile industry reported strong sales in Q1

HÀ NỘI — April 2024 marks the second consecutive month the automobile industry reported significant growth since the beginning of the year, according to a report by the General Statistics Office of Vietnam (GSO).
DPPA boots renewable energy, competitive  electricity market

DPPA boots renewable energy, competitive electricity market

(VEN) - A direct power purchase agreement (DPPA) will help attract investment in the development of renewable energy and a competitive retail electricity market.
Foreign, domestic investment in Ba Ria - Vung Tau rises sharply

Foreign, domestic investment in Ba Ria - Vung Tau rises sharply

Foreign and domestic investment in the southern province of Ba Ria - Vung Tau stood at almost 1.63 billion USD and over 25.93 trillion VND (1 billion USD) during the first four months of 2024, surging 7.2-fold from a year earlier.
Foreign investors encouraged to invest in petroleum storage infrastructure

Foreign investors encouraged to invest in petroleum storage infrastructure

The Vietnamese Government has given green light to foreign investors to invest in developing oil and gas storage and supply infrastructure system, but they cannot participate in distributing, importing and exporting petroleum.
Cambodian media values Vietnam

Cambodian media values Vietnam's foreign investment attraction

The SBM NEWS website of Cambodia has published an article praising Vietnam's ability to attract foreign investment, especially in the northeastern province of Quang Ninh.
Thai Binh province rolls out red carpet for Dutch businesses

Thai Binh province rolls out red carpet for Dutch businesses

The northern province of Thai Binh always accompanies and creates the best conditions for enterprises, including those from the Netherlands to invest in and run long-term and effective business in the locality, Secretary of the provincial Party Committee Ngo Dong Hai has affirmed.
MoF refuses to cut import tax for some materials of animal feed production

MoF refuses to cut import tax for some materials of animal feed production

The Ministry of Finance has refused to reduce import tax rates for some crucial materials of animal feed production as proposed by Bến Tre Province's voters.
Government proposes extending VAT cut until year end

Government proposes extending VAT cut until year end

The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.
Stock market upgrade to help Vietnam lure another 10 bln USD in investment

Stock market upgrade to help Vietnam lure another 10 bln USD in investment

The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).
VND30-trillion credit package for forestry, fisheries businesses

VND30-trillion credit package for forestry, fisheries businesses

(VEN) - Following the Government’s guidelines, the State Bank of Vietnam (SBV) has assigned commercial banks to realizing a VND30-trillion preferential credit program for forestry and fisheries sectors in order to help them maintain their leading positions as billions-of-US-dollars export revenue earners.
Is it possible to deny collection for waste unsorted at source?

Is it possible to deny collection for waste unsorted at source?

Unsorted waste could be denied collection, per a draft document proposed by the Ministry of Natural Resources and Environment.
PM asks for effective preventive solutions against forest fires

PM asks for effective preventive solutions against forest fires

HÀ NỘI — Prime Minister Phạm Minh Chính has issued an official dispatch, requesting ministries, sectors, and localities to continue vigorously and effectively implementing fire prevention and control measures nationwide amid hot weather across the country.
Heat records broken, more hot weather forecast for May

Heat records broken, more hot weather forecast for May

HÀ NỘI — April saw 112 heat records as the country baked in sweltering weather, with many places breaking temperature records set over a decade ago.
Vietnam faces climate change challenges

Vietnam faces climate change challenges

(VEN) - Without appropriate adaptation and mitigation measures, it is estimated that climate change could cause Vietnam to suffer losses of approximately 12-14.5 percent of gross domestic product (GDP) annually by 2050, triple the losses in 2020, 3.2 percent of GDP or around US$10 billion.
2024 VinFuture Prize records 1,469 nominations

2024 VinFuture Prize records 1,469 nominations

The 4th edition of VinFuture Prize, an annual international award that honours remarkable scientific breakthroughs and promotes innovations for humankind, has officially closed its nomination portal with a record of 1,469 submissions.
HCM City: Centre for Fourth Industrial Revolution to debut in September

HCM City: Centre for Fourth Industrial Revolution to debut in September

A centre for the Fourth Industrial Revolution (C4IR) in Ho Chi Minh City is scheduled to be officially launched in September, with a mission to be Vietnam’s top facility in advising national industrial policies, piloting their implementation in the southern metropolis, and promoting economic transformation in the revolution.
Vietnam’s digital products to go global

Vietnam’s digital products to go global

(VEN) - Vietnamese digital technology businesses have made great strides in development, as more digital application products have been created. In addition to the domestic market, the state needs to support them to bring Make-in-Vietnam digital products and services to the world.
Digital transformation events for banking sector slated for May

Digital transformation events for banking sector slated for May

The State Bank of Vietnam (SBV) announced a series of events focusing on digital transformation in the banking sector, scheduled for May 8 in Hanoi.
Bình Thuận works to stop fishing vessels from infringing on foreign waters

Bình Thuận works to stop fishing vessels from infringing on foreign waters

BÌNH THUẬN – The People’s Committee of the south-central province of Bình Thuận on May 7 requested extra efforts to resolutely not let any local fishing vessels and fishermen violate foreign waters so as to fight illegal, unreported and unregulated (IUU) fishing.
Điện Biên Phủ Victory shows strength of intelligence, public consensus: Officer

Điện Biên Phủ Victory shows strength of intelligence, public consensus: Officer

The Điện Biên Phủ (May 7, 1954) was not only a victory of the strength of intelligence and public consensus but also contributed to the end of the resistance war against the French colonialists of the Vietnamese army and people.
HCM City works to put Metro Line No. 1 into operation soon

HCM City works to put Metro Line No. 1 into operation soon

Ho Chi Minh City's Metro Line No. 1 (Ben Thanh–Suoi Tien) is close to the finish line but is facing some difficulties, thus the local administration and the investor are making efforts to remove obstacles so that the it can start commercial operation soon.
Online administrative procedures to be processed on one app only from July 1

Online administrative procedures to be processed on one app only from July 1

HÀ NỘI — Deputy Prime Minister Trần Lưu Quang has asked relevant ministries and localities to use the Vietnam Electronic Identification (VNeID) as the only app in administrative procedure performance from July 1, 2024 to save time and costs.
Habeco, northern beer Industry icon, reports largest quarterly loss in four years

Habeco, northern beer Industry icon, reports largest quarterly loss in four years

Habeco's leaders attributed the negative profits to a decrease in financial revenue caused by lower deposit interest rates, resulting in a 16 per cent decline to nearly VNĐ38 billion.
PV Gas unions launch book donation program

PV Gas unions launch book donation program

(VEN) - On the occasion of the 10th anniversary of the Vietnam Book and Reading Culture Day (April 21, 2014 - 2024), to honor the value of books and promote reading culture among students at primary schools, the Trade Union and Youth Union organizations of Petrovietnam Gas Joint Stock Corporation (PV GAS) launched a book donation program with the theme “Donating a book, giving a future.”
Vietnam Airlines reports profit in H1

Vietnam Airlines reports profit in H1

Vietnam Airlines (VNA) reported after-tax profit of VNĐ4.44 trillion (US$173.19 million) in Quarter 1 as it is strengthening its international flights and restructuring.
Phenikaa targets to train over 8,000 semiconductor chip design engineers by 2030

Phenikaa targets to train over 8,000 semiconductor chip design engineers by 2030

The Phenikaa Semiconductor Training Centre will conduct research and training activities in IC design, semiconductors, technology transfer, international cooperation, resource mobilisation, and collaboration and cooperation with domestic and foreign partners to promote research and training activities on semiconductor chip design.
tcty-dau-khi-vn-pv-power-2022
“The Road to Dien Bien Phu” full of emotion

“The Road to Dien Bien Phu” full of emotion

(VEN) - To mark the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024), the Vietnam Fine Arts Museum held the “The Road to Dien Bien Phu” exhibition to introduce 70 outstanding artworks, such as paintings, graphics, sculptures, sketches, and posters by 34 authors produced between 1949 and 2009.
Vietnamese celebrated director to head jury at Shanghai International Film Festival

Vietnamese celebrated director to head jury at Shanghai International Film Festival

According to the organisers of the film festival, the works of the Vietnamese French director and scriptwriter, who won the Best Director Award at the 76th Cannes Film Festival in 2023 for The Taste of Things, blend the expressions of Eastern and Western cultures, with sensitivity, delicacy, and a romantic style.
HCM City launches international photo contest

HCM City launches international photo contest

Vietnamese and foreign photographers, both amateurs and professionals, are encouraged to take part in the third HCM City International Photography Contest.
Optimising UNESCO titles for national development

Optimising UNESCO titles for national development

With 65 UNESCO titles spanning all the 63 cities and provinces, Việt Nam contributes to enriching, protecting, and promoting the cultural treasures of humanity. This helps international friends better understand the country, its people, traditions, and history.
Fansipan Rose Festival 2024 offers tourists fascinating experiences

Fansipan Rose Festival 2024 offers tourists fascinating experiences

(VEN) - Themed “A Millions Roses,” the Fansipan Rose Festival 2024 which takes place in Sa Pa, Lao Cai from April 27 to June 30, will feature unique, attractive and completely new activities.
Green transformation in tourism starts with correct understanding, awareness: expert

Green transformation in tourism starts with correct understanding, awareness: expert

Many tourism businesses still have insufficient and incorrect understanding of these principles so the implementation of green tourism within the Vietnamese business community is still limited.
7 places that are worth a visit in Điện Biên

7 places that are worth a visit in Điện Biên

Here are seven recommended places for those who intend to visit the province.
HCM City achieves $127 million in tourism revenue over five-day holiday

HCM City achieves $127 million in tourism revenue over five-day holiday

HCM City’s tourism revenue is estimated at more than VNĐ3.23 trillion (US$127 million) during the five-day holiday celebrating Reunification Day from April 27-May 1, according to the city Department of Tourism.
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