Support industries

Vietnam to boost semiconductor development with US support

15:54 | 11/09/2024 Support industries

(VEN) - Vietnam is launching a series of strategic kick-off sessions to advance its role in the global semiconductor industry, focusing on workforce development and public policy.

Keys to making breakthroughs in supporting industry

08:20 | 10/09/2024 Support industries

(VEN) - Ha Tinh has determined that the development of supporting industry has important meaning in attracting investment in the province, boosting the development of local small- and medium-sized enterprises (SMEs), contributing to increasing the proportion of the industrial sector in the economic structure.

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.

Southeastern localities develop support industries to modernise economy

17:33 | 21/09/2024 Support industries

HCM City – Local authorities in the southeastern region are making plans to promote the development of support industries for industrial production, which play a crucial role in the economic restructuring towards industrialisation and modernisation.

Developing supporting industries needs to be a priority

11:37 | 14/09/2024 Support industries

A report of the Ministry of Industry and Trade (MoIT) shows that the number of enterprises in the supporting industry sector accounts for only about 4.5 per cent of the total number of companies in the manufacturing and processing industry.

Auto parts manufacturers manage to reach world level

06:10 | 12/09/2024 Support industries

(VEN) - Although the automobile market faced many difficulties and challenges in early 2024, the automobile supporting industry is standing a good opportunity for transformation.

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.

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.

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.

Trước Sau

Latest Most Read

Vietnam sees opportunities to attract investments in electronics support industries

12:37 | 17/11/2024 Support industries

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.

Disbursement of public investment must be accelerated: Deputy PM

12:17 | 17/11/2024 Investment

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.

State President meets with leaders of economies at APEC Leaders’ Week

11:59 | 17/11/2024 Cooperation

On the sidelines of the APEC 2024 Leaders’ Week in Peru, State President Luong Cuong held separate meetings with leaders of China, the US, Malaysia, Singapore, Australia, Canada, and Russia, on September 15 (local time).

Party leader offers incense in memory of late President Hồ Chí Minh in Cà Mau

10:04 | 17/11/2024 News and Events

Party General Secretary Tô Lâm offered incense in tribute to President Hồ Chí Minh at a memorial area for the late leader in Cà Mau city, the southernmost province of Cà Mau, on November 16.

State President’s Chile, Peru trip a success: official

10:01 | 17/11/2024 News and Events

The official visits to Chile and Peru delivered an important message to the international community, particularly to countries in Latin America and the Caribbean region, about Việt Nam's consistent foreign policy while the State President’s attendance at the APEC Economic Leaders’ Week reaffirms Việt Nam's commitment to APEC cooperation.

Vietnamese universities strive to attract international students

11:43 | 13/11/2024 Society

Over recent years, the number of international students studying at Vietnamese universities has steadily increased, reflecting a growing recognition of Vietnam’s higher education quality. This rise is attributed to universities focusing on quality assurance.

US remains Vietnam’s largest seafood export market

14:30 | 13/11/2024 Trade

(VEN) - The US has consistently been Vietnam’s largest seafood export market, with the annual value ranging from US$1.5 billion to US$2.1 billion over the past five years.

Sweden willing to cooperate with Việt Nam: Swedish top legislator

14:36 | 13/11/2024 Cooperation

State Vice President of Việt Nam Võ Thị Ánh Xuân suggested Sweden encourage the remaining European Union (EU) member states to promptly ratify the EU-Việt Nam Investment Protection Agreement (EVIPA), and urge the EU to lift its “yellow card” warning against Việt Nam's seafood exports.

Over-67-billion-USD high-speed railway project submitted to legislature

14:41 | 13/11/2024 News and Events

National Assembly deputies on November 13 listened to a report and a verification report on the investment policy of the North-South high-speed railway project worth around 1.7 quadrillion VND (67.34 billion USD), within the framework of the legislature’s ongoing 8th session in Hanoi.

MoIT to expand Halal market for Vietnamese goods

15:47 | 13/11/2024 Trade

(VEN) - On November 14, 2024, the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT) will organize a “Workshop on trade promotion of Halal food products” in Ho Chi Minh City.

Multimedia

Video Longform Infographic Photo

Key facts on G20 and Vietnam's participation

09:42 | 17/11/2024 Infographic

Prime Minister Pham Minh Chinh is leading a high-ranking delegation of Vietnam to attend the G20 Summit in Rio de Janeiro, Brazil, from November 16 to 19 at the invitation of Brazilian President Luiz Inácio Lula da Silva.

Vietnam - Brazil Comprehensive Partnership

19:17 | 16/11/2024 Infographic

During his trip to attend the 2024 G20 Summit in Brazil from November 16 to 19, Prime Minister Pham Minh Chinh will also take part in bilateral activities in Rio de Janeiro. The visit coincides with the 35th anniversary of diplomatic relations (May 8, 1989 – May 8, 2024) and the 17th anniversary of the comprehensive partnership (May 2007 – May 2024) between Vietnam and Brazil, marked by a series of meaningful and diverse events.

Key socio-economic development targets for 2025

10:24 | 16/11/2024 Infographic

On November 12, 2024, the National Assembly passed the resolution on the 2025 socio-economic development plan, prioritising growth based on macroeconomic stability, inflation control, and maintaining major economic balances. The resolution sets a GDP growth target of 6.5-7%, aiming to reach 7-7.5%.

Seven commodities with export value of over 10 billion USD

09:20 | 15/11/2024 Infographic

Seven commodities of Vietnam posted an export value of over 10 billion USD in the first 10 months of this year, accounting for over 66.5% of the country's total export turnover.

Vietnam actively contributes to APEC

08:59 | 14/11/2024 Infographic

Vietnamese State President Luong Cuong leads a high-level delegation to Peru for an official visit and to attend the 2024 APEC Economic Leaders' Week in Lima from November 12-16 at the invitation of Peruvian President Dina Ercilia Boluarte Zegarra. Since joining APEC in 1998, Vietnam has made significant contributions to APEC’s goals, actively proposing initiatives and fulfilling key roles.

Policy

Vietnam pledges to make more contributions to APEC cooperation

09:46 | 17/11/2024 Policy

Lima – Vietnam will continue actively contributing to and effectively implementing cooperation orientations and directions of the Asia-Pacific Economic Cooperation (APEC), State President Luong Cuong affirmed while addressing the 31st APEC Economic Leaders' Meeting in Lima, Peru, on November 16 (local time).

Amending the Law on Electricity to unlock resources for energy security and net zero emissions

10:04 | 16/11/2024 Policy

The draft amendment to the Law on Electricity, which is on the agenda at the current session of the National Assembly, would be a bold step for Việt Nam towards ensuring national energy security and achieving net zero emissions by 2050.

Ambassador highlights importance of PM Phạm Minh Chính’s Brazil trip

14:19 | 15/11/2024 Policy

In an interview granted to the press ahead of Prime Minister Phạm Minh Chính’s trip to Brazil for the event, the diplomat said the trip is of significance in different aspects.

PM urged parliament to pass legislation to ensure sufficient electricity, restart nuclear projects

09:47 | 13/11/2024 Policy

The Government leader noted that electricity demand is expected to rise rapidly, with a projected increase of about 12–13 per cent in 2025 and even higher in subsequent years.

Industry & Trade

Vietnam sees opportunities to attract investments in electronics support industries

12:37 | 17/11/2024 Support industries

As an investment attraction of numerous leading technology corporations, Vietnam sees many opportunities to attract foreign direct investment (FDI) into electronic components manufacturing.

Project launched to advance energy transition in Việt Nam

10:15 | 16/11/2024 Energy

The GE Vernova Foundation in collaboration with Asia Society for Social Improvement and Sustainable Transformation (ASSIST) and Electric Power University have announced a US$750,000 investment in the workforce supporting Việt Nam’s energy sector.

Vietnam eyes building self-reliant, sustainable semiconductor ecosystem

15:18 | 15/11/2024 Industry

Vietnam, with its skilled workforce and competitive production costs, is poised to become a critical supplier of materials, components, and assemblies for the semiconductor industry, thus making a deeper penetration into the global value chain.

Electricity demand in 2025 to be basically met: ministry

08:49 | 15/11/2024 Energy

Minister of Industry and Trade Nguyễn Hồng Diên said accurate forecasts, careful preparations and flexible operations are needed to ensure adequate supply of electricity in 2025.

Investment

Disbursement of public investment must be accelerated: Deputy PM

12:17 | 17/11/2024 Investment

LG plans to pour further US$1 billion investment into Vietnam

10:42 | 16/11/2024 Investment

The Republic of Korea (RoK)’s LG Displays Co. Ltd has been licensed to raise its investment in a factory in Hai Phong city, northern Vietnam, by US$1 billion.

Long An province promotes investment and trade in France

09:34 | 15/11/2024 Investment

A Vietnam-France Investment and Trade Promotion Seminar was held in Paris on November 13 to strengthen connections and seek cooperation opportunities between the Mekong Delta province of Long An and France.

Bac Giang prioritises high-tech FDI projects, services industry

17:04 | 12/11/2024 FDI

The northern province of Bac Giang will continue attracting foreign direct investment (FDI) projects in the time ahead, prioritising those using high-tech or relating to supporting industries and high-quality services, local authorities have said.

Finance-Banking

Vietcombank issues 2 trillion VND worth of green bonds for first time

18:55 | 16/11/2024 Finance-Banking

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has successfully issued 2 trillion VND worth of green bonds, the first of its kind, to support eco-friendly projects.

UK stands ready to help Vietnam build international financial hub

17:13 | 13/11/2024 Finance-Banking

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.

S&P affirms Techcombank’s BB- rating

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

S&P Global Ratings has reaffirmed Techcombank’s issuer rating of BB- with a “stable” outlook, highlighting the bank’s robust profitability, stable capitalisation and strong asset quality.

Tax sector fulfils nearly 95% of state budget collection target

15:38 | 09/11/2024 Finance-Banking

The General Department of Taxation on November 7 reported that the total state budget collection of the sector in January – October was estimated at over 1.4 quadrillion VND (55.18 billion USD), or 94.8% of the annual projection and up 16.3% against the same time last year.

Environment

Việt Nam proactively prepares for EUDR despite EU postponement

09:57 | 17/11/2024 Environment

The European Union (EU) has postponed the enforcement of the European Union Deforestation Regulation (EUDR) to December 31, 2025, aiming to ensure the sustainable management of imports and exports that do not contribute to deforestation or forest degradation.

Việt Nam focuses on biodiversity credits under global agreements

10:10 | 16/11/2024 Environment

The initial steps are part of a broader effort to align with global commitments to protect and conserve biodiversity.

New national environmental protection planning project eyes settlement of pollution

16:05 | 15/11/2024 Environment

The national environmental protection planning project for the 2021 – 2030 period, with a vision to 2050, was announced at a ceremony held in a hybrid format on November 15 by the Ministry of Natural Resources and Environment.

MoIT facilitates power plant ash and slag consumption

11:50 | 15/11/2024 Environment

(VEN) - The Ministry of Industry and Trade (MoIT) has implemented a range of consistent solutions to facilitate consumption of ash, slag and gypsum generated by coal-fired power and fertilizer production enterprises.

Science - Technology

Việt Nam, US sign cooperation agreement on cybersecurity

09:02 | 15/11/2024 Science - Technology

The MOU is expected to strengthen the existing partnership between the US and Việt Nam, while also helping the US promote innovation and secure digital infrastructure as well as countering the growing cyber threats.

Viettel launches the world’s first O-RAN 5G Network

16:59 | 14/11/2024 Science - Technology

Viettel on Wednesday officially announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house at the 5G Open RAN Connect conference held at the Viettel High Tech headquarters in Hà Nội.

4G mobile network coverage reaches 99% of Vietnamese population: Minister

16:51 | 13/11/2024 Science - Technology

Vietnam's 4G mobile network coverage now reaches 99% of the population, bringing the country close to the level of developed nations, which is at 99.4%, Minister of Information and Communications Nguyen Manh Hung affirmed at a Q&A session as part of the 15th National Assembly’s ongoing 8th sitting on November 12.

Quang Ninh to host 3rd Vietnam Int'l Digital Week next week

17:11 | 12/11/2024 Science - Technology

The 3rd Vietnam International Digital Week will take place in Ha Long city, the northern province of Quang Ninh, from November 19-22 for the second consecutive year.

Society

Vietnam’s efforts to promote gender equality

09:37 | 17/11/2024 Society

(VEN) - According to the Global Gender Gap Report 2024, Vietnam's gender equality ranking stands at 72^nd out of 146 countries, an improvement of 11 places compared to 2023.

PM calls on whole society, teachers, education sector to enter era of nation's rise

10:46 | 16/11/2024 Society

Prime Minister Phạm Minh Chính on November 15 called on the whole society to join hands with teachers and the education sector in nurturing owners of the future, especially when Việt Nam is preparing to enter a new era - the era of the nation’s rise.

Students invent eco-friendly material press machine to replace plastic products

09:29 | 15/11/2024 Society

Researching and designing a press machine to produce plates and bowls from readily available materials like coconut husks, areca sheaths and banana leaves not only promotes green product consumption but also helps as part of developing a sustainable economy.

Party chief urges Hai Phong to become modern maritime economic hub

08:58 | 15/11/2024 Province

As part of his working trip to the northern city of Hai Phong, Party General Secretary To Lam held a working session with the municipal Party Committee on November 14, during which he urged the local authority to pay attention to planning work, towards turning it into a modern maritime economic hub in the future.

Vietnamese Brands

Hòa Bình exports honey and pearl onions to UK

10:17 | 16/11/2024 Vietnamese Brands

This shipment marks Hòa Bình Province's second export of processed agricultural products to the UK, and has a value exceeding VNĐ300 million (US$11,800).

Central province selects OCOP products to be promoted in the US

08:58 | 15/11/2024 Vietnamese Brands

The central provincial department of Agriculture and Rural Development has included ten OCOPs (One Commune One Product) – for promotion and introduction into the US market.

Hà Nội to host large-scale international fair for key industrial products in 2025

16:54 | 12/11/2024 Vietnamese Brands

The city will also organise a conference to connect 50-70 leading industrial product manufacturers with local universities and vocational training institutions.

Agriculture, craft village festival to be held in Hà Nội

16:49 | 12/11/2024 Vietnamese Brands

Visitors will have the opportunity to explore the agricultural culture of Hà Nội and purchase high-quality products with traceable origins.

Culture

Seminar helps fashion businesses identify future consumers

16:47 | 14/11/2024 Culture

Vietnamese fashion businesses discussed how to identify the consumer profiles and sentiments that will drive business growth in the coming years at a seminar held in Hà Nội on Monday.

Kiên Giang to host Khmer cultural festival

16:45 | 13/11/2024 Culture

The Cửu Long (Mekong Delta) province of Kiên Giang will host the 2024 Khmer Culture, Sports and Tourism Festival from November 13-16.

Two Vietnamese artists nominated for Grammy Awards

17:02 | 12/11/2024 Culture

Vietnamese-American singer Sangeeta Kaur, whose real name is Mai Xuân Loan, and director Bảo Nguyễn have been nominated for Grammy Awards this year.

Great Solidarity of Ethnic Groups Week to take place next week

09:55 | 08/11/2024 Culture

The Great Solidarity of Ethnic Groups - Vietnamese Cultural Heritage Week 2024 will take place at the Vietnam National Village for Ethnic Culture and Tourism in Hanoi from November 16-24, according to the Ministry of Culture, Sports and Tourism.

Tourism

Quảng Ninh to attract more foreign tourists by year-end

16:52 | 14/11/2024 Tourism

The northeastern province of Quảng Ninh, home to Hạ Long bay, a UNESCO World Heritage Site, is actively working to reach its target of 19 million visitors in 2024, including 3.5 million international arrivals.

Vietnam promotes int’l cooperation in MICE tourism development

14:47 | 14/11/2024 Tourism

(VEN) - MICE is a type of tourism that combines meetings, incentives, conferences, and exhibitions organized by businesses for their staff, employees, and partners. Compared to other countries in the region, Vietnam is considered to have great potential for MICE tourism development.

2025 Nha Trang – Khanh Hoa Sea Festival to spotlight cultural heritage space

17:04 | 13/11/2024 Tourism

The 11th Nha Trang – Khanh Hoa Sea Festival will take place from June 7 - 9 next year, offering a great chance for the south-central coastal province of Khanh Hoa to promote and honour the beauty and immense value of its sea.

Việt Nam to welcome more international cruise ship tourists

16:36 | 13/11/2024 Tourism

Việt Nam has recognised the potential of cruise tourism and is planning to attract more international visitors through this mode of travel.