Support industries

Supporting industries become more attractive

14:29 | 13/08/2024 Support industries

Vietnam's supporting industries (SI) are becoming increasingly attracting to foreign direct investment (FDI). However, stronger policies are necessary to enable domestic enterprises to make significant breakthroughs in this sector.

Long-term credit needed for mechanical enterprises

14:36 | 07/08/2024 Support industries

(VEN) - The supporting industry for Vietnam’s mechanical engineering sector is facing numerous challenges related to policies, workforce, production costs, and industry linkages.

MoIT helps enterprises connect with multinational corporations

16:56 | 06/08/2024 Support industries

(VEN) - As one of the important industries, Vietnam’s supporting industry is facing difficulties and has yet to have clear mechanisms and policies for adequate development.

The 2024 Supporting Industry Show to open in October

18:03 | 02/08/2024 Industry

The 2024 Supporting Industry Show to open in Ho Chi Minh City, from October 2-4.

Linkage with foreign firms needed to develop Việt Nam's supporting industry

09:20 | 26/08/2024 Support industries

Linkage with multinational corporations is the shortest way for Vietnamese supporting industry enterprises to participate in the global supply chain, according to economic experts.

Vietnam an emerging hub in global smart manufacturing

10:56 | 20/08/2024 Support industries

(VEN) - Vietnam, as a new manufacturing hub in Asia, plays an increasingly important role in global supply and smart manufacturing chains. Smart manufacturing helps Vietnam attract foreign direct investment (FDI) and creates opportunities for domestic businesses to join global supply chains. To seize these opportunities, however, Vietnam needs to implement appropriate and timely policies.

Ninh Binh prioritizes high-tech and environmentally friendly projects

16:28 | 19/08/2024 Support industries

(VEN) - Ninh Binh holds a strategically important position, connecting the Northern, Central, and Northwestern regions of Vietnam. Located within the Hanoi - Hai Phong - Quang Ninh - Thanh Hoa economic development quadrilateral, the province has favorable conditions for the development of supporting industries.

Binh Duong, preferred destination for supporting industry investors

15:05 | 22/07/2024 Support industries

(VEN) - More than 74 percent of the US$40.6 billion worth of foreign direct investment (FDI) in the southern province of Binh Duong is found in the processing and manufacturing sector, while FDI in high technology and supporting industries (SI)remains modest.

RoK helps Vietnam participate in global supply chains

11:20 | 22/07/2024 Support industries

(VEN) - In recent years, the Republic of Korea (RoK) and Vietnam have cooperated in developing supporting industries, facilitating Vietnamese enterprises’ participation in global supply chains.

Competitveness enhancement needed for global integration

13:10 | 08/07/2024 Support industries

(VEN) - Competitiveness improvement is crucial for Vietnamese supporting industry enterprises to survive competition in foreign markets.

Mechanical manufacturers seek foreign markets

06:00 | 07/07/2024 Support industries

(VEN) - The long-history mechanical engineering industry is identified as the “backbone” of the economy.

Supporting industries seek further support

09:20 | 26/06/2024 Support industries

(VEN) - Given stiff competition from foreign enterprises, to help domestic supporting industry enterprises participate more deeply into the global supply chain, experts said Vietnam needs to ensure the consistence of legal documents.

Needed: high-quality human resources

10:10 | 24/06/2024 Support industries

(VEN) - The shortages and uneven quality of human resources are among major difficulties faced by support industry enterprises.

Hanoi: Supporting industry enterprises improve competitiveness

16:37 | 06/06/2024 Support industries

(VEN) - Support industries have contributed significantly to the economic development of the capital of Hanoi.

Textile, garment sector prioritizes material development

14:00 | 30/05/2024 Support industries

(VEN) - The presence of domestic textile and garment enterprises in the global production chain has increased but remains incommensurate with their potential.

MoIT seeks to address material bottleneck

16:50 | 20/05/2024 Support industries

(VEN) - A delegation of the Ministry of Industry and Trade (MoIT) led by Minister Nguyen Hong Dien recently worked with the Vietnam Leather, Footwear and Handbag Association (Lefaso) on problems related to the supplies of materials and accessories in the leather and footwear industry.

Mechanical supporting industry needs long-term solutions

06:00 | 14/05/2024 Support industries

(VEN) - Despite the fact that many mechanical engineering enterprises have strong capabilities in certain areas, such as molding, mechanical components, electrical cables, and plastic components, supporting industry products for the mechanical engineering sector still lack competitiveness.

More support for domestic automobile industry

08:09 | 13/05/2024 Support industries

(VEN) - There are now many difficulties impacting the domestic automobile industry; therefore, the formulation of the development strategy for Vietnam’s automotive industry to 2030 with a vision to 2045 is urgent and of great scientific and practical significance.

More connection needed for market expansion

06:00 | 29/04/2024 Support industries

(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

06:00 | 11/04/2024 Support industries

(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

06:00 | 27/03/2024 Support industries

(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.

Trước Sau

Latest Most Read

North-South express railway – driving force to spawn new support industries

17:09 | 08/11/2024 Support industries

The North-South express railway project will create a significant opportunity for Vietnam's mechanical and construction industries to advance in technology.

MM Mega Market holds groundbreaking ceremony for Da Nang MM Supercenter

16:39 | 08/11/2024 Companies

On November 8, MM Mega Market (Vietnam) held a groundbreaking ceremony for the Da Nang MM Supercenter, located at Nguyen Sinh Sac Street, Hoa Khanh Nam Ward, Lien Chieu District, Da Nang City.

State President’s visit to forge deeper ties with Chile, Peru

15:43 | 08/11/2024 Cooperation

State President Luong Cuong’s official visits to Chile and Peru and attendance at the 2024 APEC Economic Leaders’ Week in Lima from November 9 – 16 will help consolidate the traditional friendship and enhance political confidence with the two nations and the Latin American region while deepening the relationship with the APEC member states, according to Deputy Foreign Minister Nguyen Minh Hang.

Prime Minister meets Vietnamese community in China's Chongqing city

15:23 | 08/11/2024 News and Events

Prime Minister Pham Minh Chinh met Vietnamese students and representatives of the Vietnamese community in Chongqing city on November 8, as part of his trip to China to attend the eighth Greater Mekong Subregion (GMS) Summit, and hold working activities in the neighbouring country.

Vietnam and Chile to further deepen comprehensive partnership

14:41 | 08/11/2024 Cooperation

Vietnamese President Luong Cuong on November 8 began an official visit to Chile at the invitation of Chilean President Gabriel Boric Font, aiming to foster new momentum, deepen the comprehensive partnership between the two countries, and make it more effective and practical.

PM’s participation at regional summits sends important messages: Deputy FM

08:42 | 05/11/2024 Cooperation

Prime Minister Pham Minh Chinh’s attendance at the 8th Greater Mekong Subregion (GMS) Summit, the 10th Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) Summit, and the 11th Cambodia-Laos-Myanmar-Vietnam (CLMV) Cooperation Summit aims to send out important messages to the sub-region, the region, as well as the international community, stated Deputy Foreign Minister Pham Thanh Binh.

15th NA’s eighth session: Ministers outline plans for education, labour, agriculture

08:47 | 05/11/2024 News and Events

Minister of Education and Training Nguyen Kim Son, Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, and Minister of Agriculture and Rural Development Le Minh Hoan provided insights into their respective sectors and addressed pressing concerns raised by lawmakers at the 15th National Assembly’s eighth session in Hanoi on November 4.

Vietnam seeks stronger legislative ties with Canada

09:01 | 05/11/2024 Cooperation

Vietnam values its relationship with Canada and hopes to work together to strengthen their comprehensive partnership for mutual benefit, contributing to peace, stability, and prosperity in the Asia-Pacific and globally, National Assembly Vice Chairman Nguyen Duc Hai told Canadian Ambassador to Vietnam Perry Shawn Steil.

Vietnam targets a US$300-billion green economy by 2050

08:55 | 05/11/2024 Economy

(VEN) - Vietnam has set ambitious goals of achieving net-zero emissions and increasing the value of its green economy from US$6.7 billion in 2020 to US$300 billion by 2050.

Technology “key” to attract FDI

09:09 | 05/11/2024 Science - Technology

(VEN) - According to Nguyen Van Toan, Vice President of the Association of Foreign Investment Enterprises (VAFIE), apart from environmental factors, technology plays an important role, not only in economic development, but also in the race to attract foreign direct investment.

Multimedia

Video Longform Infographic Photo

Vietnam's key contributions to ACMECS

11:02 | 07/11/2024 Infographic

Vietnam officially joined the Ayeyawady - Chao Phraya - Mekong Economic Cooperation Strategy (ACMECS) at the first ACMECS Ministerial Meeting in Thailand in November 2004. As an active and responsible member, Vietnam has made and continues to make significant contributions to ACMECS.

Vietnam’s role in GMS economic cooperation

09:20 | 06/11/2024 Infographic

At the invitation of Chinese Premier Li Qiang, Prime Minister Pham Minh Chinh is leading a high-level delegation to the 8th Greater Mekong Subregion (GMS) Summit from November 5-8, 2024. On this occasion, he will also attend the 10th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit and the 11th Cambodia-Laos-Myanmar-Vietnam (CLMV) Cooperation Summit and hold working sessions in China.

Practical innovations

09:15 | 06/11/2024 Science - Technology

Recent cooperation between InfraSen, a start-up in semiconductor technology, and MK Group, a leading company in technology, has shown an encouraging sign of unity between scientists and economists. The MK Group will help produce a thermal image core sensor of InfraSen for domestic and overseas markets. Let’s listen to insiders’ voices about semiconductor device production in Việt Nam!

Seven strategic directions to lead the nation into a new era

17:04 | 05/11/2024 Infographic

In the special feature on the new era—the era of the nation's rise—on October 31, 2024, Party General Secretary To Lam outlined seven strategic directions for the country to embark on this new phase of national development.

Delicacy of Hà Nội’s autumn

11:29 | 04/11/2024 Lifestyle

Cốm (young rice) is a delicacy of Hà Nội’s autumn, from which many popular dishes have been created, but it is also being developed in new ways by younger cooks.

Policy

New regulations on mergers, consolidation of credit institutions proposed

09:25 | 08/11/2024 Policy

HÀ NỘI — The State Bank of Việt Nam (SBV) has proposed new regulations on the mergers and consolidation of credit institutions, to ensure the safety and legitimate rights of customers and creditors.

Vietnam gives top priority to relations with China: PM

16:43 | 07/11/2024 Policy

Kunming – Developing relations with China is a consistent policy, an objective requirement, a strategic choice, and a top priority in Vietnam's foreign policy, Prime Minister Pham Minh Chinh told Chinese Premier Li Qiang at their talks in Kunming city in China’s Yunnan province on November 7.

PM puts forth proposals to develop new-generation GMS economic corridors

14:59 | 07/11/2024 Policy

Kunming – Vietnamese Prime Minister Pham Minh Chinh joined leaders of Cambodia, Laos, Myanmar, Thailand and China as well as heads of the Asian Development Bank (ADB) and regional and international organisations at the 8th Greater Mekong Sub-region (GMS) Summit which opened in Kunming city in China’s Yunnan province on November 7.

Vietnam proactively raises initiatives within CLMV

11:08 | 07/11/2024 Policy

Since the establishment of the Cambodia-Laos-Myanmar-Vietnam (CLMV) cooperation mechanism, Vietnam has consistently acted as an active and responsible member, making significant contributions to the mechanism.

Industry & Trade

North-South express railway – driving force to spawn new support industries

17:09 | 08/11/2024 Support industries

The North-South express railway project will create a significant opportunity for Vietnam's mechanical and construction industries to advance in technology.

Automotive support industry strives to become spare part supplier

09:34 | 08/11/2024 Support industries

HÀ NỘI — The demand for transport in Việt Nam has been increasing rapidly, with experts saying that the market shows a lot of potential for automobile and motorbike manufacturers and traders.

Việt Nam’s auto industry strives to reach global recognition

08:58 | 08/11/2024 Industry

HÀ NỘI — The domestic automobile industry is undergoing a significant transformation as it increasingly integrates into global markets and attracts foreign investment, according to automobile experts.

Vietnam’s path to sustainable semiconductor industry

10:47 | 07/11/2024 Industry

(VEN) - Vietnam’s semiconductor industry development strategy aims to reach an annual revenue of over US$25 billion in the 2024-2030 period, US$50 billion in the 2030-2040 period, and US$100 billion in the 2040-2050 period.

Investment

Hanoi attracts 1.6 billion USD in FDI in ten months

15:18 | 07/11/2024 Investment

Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.

Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion

16:16 | 04/11/2024 Investment

Foxconn's Shunsin Technology Việt Nam is seeking an environmental permit for a US$80 million chip manufacturing project in Bắc Giang province.

Da Nang to invest additional 16 million USD into software park

17:19 | 03/11/2024 Investment

The People's Council of Da Nang city has approved the adjusted pre-feasibility study report for the development of Software Park No 2, proposed by the municipal People's Committee.

PM receives heads of leading investment firm, authority of Qatar

09:07 | 01/11/2024 Investment

Vietnamese Prime Minister Pham Minh Chinh have received leaders of the JTA International Investment Holding and the Qatar Investment Authority (QIA) in Doha as part of his official visit to the Middle Eastern country.

Finance-Banking

Việt Nam's stock market moves closer to emerging market status amid key policy changes

18:05 | 06/11/2024 Stock Market

The swift efforts by the Vietnamese securities regulator to eliminate pre-funding requirements have garnered praise from FTSE Russell and Morgan Stanley.

Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital

15:46 | 05/11/2024 Finance-Banking

Ayudhya Public Bank Limited (Krungsri), a member of Japan's MUFG Group, has proposed to the Saigon - Hanoi Commercial Joint Stock Bank (SHB) that it will speed up the acquisition of the remaining 50% of SHBFinance’s charter capital.

Finance ministry proposes two price management scenarios for year-end

10:11 | 04/11/2024 Finance-Banking

The Ministry of Finance has released two price management scenarios to control inflation until the end of the year.

Banking sector prioritises support for import-export firms

16:35 | 02/11/2024 Finance-Banking

Affordable bank credit has supported businesses in key sectors that drive the country’s economic growth, Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Ho Chi Minh City office, told a conference on October 31.

Environment

Yinxing becomes 7th typhoon to hit Việt Nam in 2024

14:23 | 08/11/2024 Environment

Over the next 72 to 120 hours, the typhoon is forecasted to move southwestward at a slower pace of between 10 and 15 km/h, with its intensity continuing to diminish.

Environment ministry calls for reassessment of Red River Basin flood safety measures

09:29 | 08/11/2024 Environment

HÀ NỘI — The Ministry of Natural Resources and Environment has issued a series of highly urgent priorities requiring immediate action concerning the operation of the interconnected reservoir system within the Hồng (Red) River basin.

The 2024 Vietwater & WETV exhibitions open in HCMC

14:37 | 06/11/2024 Environment

The international exhibitions on water supply, sanitation, water resources and purification (Vietwater 2024) and on waste treatment and environment technology (WETV 2024) have opened in Ho Chi Minh City (HCMC).

Workshop looks to address environmental management issues in industrial areas

16:34 | 05/11/2024 Environment

The State Audit Office of Vietnam (SAV) hosted a workshop in Hanoi on November 5, bringing together top auditors from ASEAN member states to share experience in handling environmental management challenges in industrial clusters and craft villages.

Science - Technology

Tim Paolini, Director of Google for Education for Asia-Pacific and Middle East, had a working session with representatives of the Ho Chi Minh City People’s Committee on November 1 to discuss cooperation orientations for digital transformation in education.