Developing supporting industries needs to be a priority

Developing supporting industries needs to be a priority

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

Auto parts manufacturers manage to reach world level

(VEN) - Although the automobile market faced many difficulties and challenges in early 2024, the automobile supporting industry is standing a good opportunity for transformation.
Vietnam to boost semiconductor development with US support

Vietnam to boost semiconductor development with US support

(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

Keys to making breakthroughs in supporting industry

(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.
Hung Yen Province prioritizes high-tech and supporting industries

Hung Yen Province prioritizes high-tech and supporting industries

(VEN) - The northern province of Hung Yen enjoys a favorable geographical location for socioeconomic development, especially industrial growth. The province is situated in the Northern key economic region, with ideal conditions for supporting industry (SI) development in various sectors, such as mechanics, electronics, metal production, and energy, helping Vietnam promote both domestic production and exports, and integrate into global value chains.
HCMC boosts supporting industry development

HCMC boosts supporting industry development

(VEN) - In recent years, the industrial sector, including supporting industries, has made significant contributions to the economic development of Ho Chi Minh City (HCMC). Therefore, the city has prioritized the development of supporting industries.
Southeastern localities develop support industries to modernise economy

Southeastern localities develop support industries to modernise economy

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.
Linkage with foreign firms needed to develop Việt Nam

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

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

Vietnam an emerging hub in global smart manufacturing

(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

Ninh Binh prioritizes high-tech and environmentally friendly projects

(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

Supporting industries become more attractive

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

Long-term credit needed for mechanical enterprises

(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

MoIT helps enterprises connect with multinational corporations

(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

The 2024 Supporting Industry Show to open in October

The 2024 Supporting Industry Show to open in Ho Chi Minh City, from October 2-4.
Binh Duong, preferred destination for supporting industry investors

Binh Duong, preferred destination for supporting industry investors

(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

RoK helps Vietnam participate in global supply chains

(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

Competitveness enhancement needed for global integration

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

Mechanical manufacturers seek foreign markets

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

Supporting industries seek further support

(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

Needed: high-quality human resources

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

Hanoi: Supporting industry enterprises improve competitiveness

(VEN) - Support industries have contributed significantly to the economic development of the capital of Hanoi.
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German businesses show resilience in Vietnamese market amid challenges

German businesses show resilience in Vietnamese market amid challenges

With the global economy continuing to experience sluggish yet stable growth, characterised by ongoing challenges and uncertainties, German businesses remain optimistic regarding the Vietnamese market, according to the latest AHK World Business Outlook Fall 2024 survey.
Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

Quang Trach – Pho Noi 500kV circuit-3 power transmission line is a key project with a total investment of nearly 880 million USD. Spanning 9 provinces, the 519-km power transmission line plays an important role in enhancing the operational stability for the electricity supply system in the north in 2024 and following years, contributing to ensuring the national energy security.
HCM City needs over 40 million USD for seven railway lines by 2035

HCM City needs over 40 million USD for seven railway lines by 2035

Ho Chi Minh City will need about 40.21 billion USD for constructing seven urban railway lines with a total length of about 355km by 2035, its Transport Department said.
Party leader visits Heroic Mothers, revolution contributors in Dong Thap

Party leader visits Heroic Mothers, revolution contributors in Dong Thap

Party General Secretary To Lam visited and presented gifts to 80 policy beneficiaries, Heroic Vietnamese Mothers, and war veterans in the Mekong Delta province of Dong Thap on December 11, ahead of the 80th founding anniversary of the Vietnam People’s Army (December 22, 1944 - 2024), and the 35th anniversary of the All-People Defence Festival (December 22, 1989 - 2024).
Vietnam’s coffee exports possibly top 5 billion USD for first time

Vietnam’s coffee exports possibly top 5 billion USD for first time

Coffee prices have increased by over 50% on average this year, enabling the export revenue to potentially surpass 5 billion USD for the first time.
quang trach pho noi 500kv circuit 3 power transmission line miracle in infrastructure development

Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

Quang Trach – Pho Noi 500kV circuit-3 power transmission line is a key project with a total investment of nearly 880 million USD. Spanning 9 provinces, the 519-km power transmission line plays an important role in enhancing the operational stability for the electricity supply system in the north in 2024 and following years, contributing to ensuring the national energy security.
foreign tourists to vietnam up 41 in january november

Foreign tourists to Vietnam up 41% in January-November

In the first 11 months of 2024, Vietnam welcomed more than 15.8 million international visitors, up 41% over the same period last year. Visitors by continent included: Asia (12.61 million), Europe (1.78 million), and America (0.91 million), among others.
16 intangible cultural heritage elements recognised by unesco

16 intangible cultural heritage elements recognised by UNESCO

The Ba Chua Xu (Holy Mother of the Realm) Festival at Sam mountain in the Mekong Delta province of An Giang was officially recognised by UNESCO as intangible cultural heritage of humanity at the 19th session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage in Paraguay on December 4. With this recognition, the festival has become the 16th intangible cultural heritage element of Vietnam recognised by UNESCO.
vietnam japan comprehensive strategic partnership for peace and prosperity in asia and the world

Vietnam-Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World

National Assembly Chairman Tran Thanh Man and his spouse are paying an official visit to Japan from December 3-7. The visit is expected to promote the two countries' legislative ties in a practical and sustainable manner, thus concretising the comprehensive strategic partnership across spheres.
streamlining political systems organisational apparatus

Streamlining political system's organisational apparatus

Party General Secretary To Lam has urged Party committees, Party organisations, agencies, units, and sectors at all levels to demonstrate the highest political determination in streamlining the political system's organisational apparatus.
Australia shows interest in Việt Nam

Australia shows interest in Việt Nam's vision of a 'rising era'

Việt Nam and Australia shared a vision of a peaceful, stable, and prosperous region and the relationship between Việt Nam and Australia have been growing fruitfully in all sectors.
Plan to streamline Government

Plan to streamline Government's organisational apparatus finalised

According to Minister of Home Affairs Phạm Thị Thanh Trà, the government's restructuring extends beyond ministerial consolidation, and the number of units under ministries and ministerial-level organisations will be cut by 15-20 per cent
Vietnam slashes government apparatus, with 9 minitries, agencies cut

Vietnam slashes government apparatus, with 9 minitries, agencies cut

Hanoi – Nine ministries and agencies under the Government will be consolidated under a resolution on streamlining and optimising the political system, Minister of Home Affairs Pham Thi Thanh Tra told the Vietnam News Agency.
Specific plans announced to restructure Party apparatus

Specific plans announced to restructure Party apparatus

The plan will reduce at least four Party organisations, 25 Party delegations and 16 Party groups merged into others and add two more Party Committees under central management.
Vietnam’s industrial production rises by 8.4% in 11 months

Vietnam’s industrial production rises by 8.4% in 11 months

Hanoi – Vietnam's index of industrial production (IIP) in the January – November period rose 8.4% from the same period last year, reported the General Statistics Office (GSO).
Việt Nam needs a competitive energy market: experts

Việt Nam needs a competitive energy market: experts

Economists, industry experts and policymakers at the event highlighted several critical challenges facing the country’s energy sector and the urgent need for strategic reforms.
Việt Nam resumes nuclear power project amid rising energy demands

Việt Nam resumes nuclear power project amid rising energy demands

Vietnamese law-markers have approved the plan to resume the nuclear power project in the south – central province of Ninh Thuận after eight years of pause in an effort to ensure energy security while meeting Net Zero goal.
Việt Nam

Việt Nam's supporting industry for electronics needs more support

In addition to the efforts of enterprises, Việt Nam's supporting industry for electronics production needs many helpful policies from the State to promote its development.
HCM City lays out plans for sound business climate with Japanese firms

HCM City lays out plans for sound business climate with Japanese firms

Ho Chi Minh City pledges to develop an equal and transparent business climate for foreign firms, including those from Japan, to aid in business development plans in the southern economic hub, Vice Chairman of the municipal People’s Committee Vo Van Hoan said on December 9.
Hai Phong – a bright spot in attracting foreign investment

Hai Phong – a bright spot in attracting foreign investment

With its advantageous geographical location, convenient transport connections, attractive investment environment, and consistent stance that the development of businesses is the development of the city, Hai Phong has witnessed a strong rise to become a bright spot in attracting foreign direct investment (FDI).
Vietnamese businesses explore Indonesian market

Vietnamese businesses explore Indonesian market

A business networking session between a delegation from the Ho Chi Minh City Association of Mechanical-Electrical Enterprises (HAMEE) and the Indonesian Chamber of Commerce and Industry (KADIN) was held on December 5 in Jakarta.
Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months

Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months

Total registered foreign direct investment (FDI) into Vietnam, including new and additional investments, and capital contributions via share purchases, reached 31.4 billion USD in the first 11 months of 2024.
Realty stocks see signs of recovery

Realty stocks see signs of recovery

The Vietnamese real estate market is signalling the end of a prolonged downturn, with notable signs of recovery in profitability. However the pace of revival remains measured, due to sluggish sales and limited improvements in consumer incomes.
Finance ministry to use AI in stock market surveillance

Finance ministry to use AI in stock market surveillance

The Ministry of Finance announced on Friday that it is researching using artificial intelligence (AI) tools to monitor transactions in the stock market.
Year-end profits put heavy pressure on banks

Year-end profits put heavy pressure on banks

(VEN) - As of the third quarter of 2024, only 11 out of 27 commercial banks have completed 75 percent or more of their pre-tax profit plans. Therefore, the year-end profit target is a huge pressure weighing heavily on their shoulders.
Party chief receives leader of Japan Bank for International Cooperation

Party chief receives leader of Japan Bank for International Cooperation

Party General Secretary To Lam hosted a reception in Hanoi on December 4 for Chairman of the Board of Directors of the Japan Bank for International Cooperation (JBIC) Maeda Tadashi.
Bac Ninh closely monitors environmental protection at local craft villages

Bac Ninh closely monitors environmental protection at local craft villages

(VEN) - Environmental pollution in some craft villages in the northern province of Bac Ninh has long become a “hot” issue. One typical example is the case of Phong Khe paper production village in Bac Ninh City.
Steel, thermal power enterprises participate in training course on ETS and carbon market

Steel, thermal power enterprises participate in training course on ETS and carbon market

From December 9-10, in Hanoi, 60 enterprises in the North participated in a training course on the Emission Trading System (ETS) and carbon market using the CarbonSim simulation tool.
Seeking capital for green transformation remains tough

Seeking capital for green transformation remains tough

(VEN) - Shifting to green economy has become the goal of many countries and businesses around the world, including Vietnam. However, capital for green transition is still a difficult problem for the Vietnamese business community.
Drainage infrastructure development behind pace of urbanisation

Drainage infrastructure development behind pace of urbanisation

Domestic wastewater and rainwater are discharged directly into sewers, canals and ditches and then into main rivers.
Vietnamese biotech products competitive on world market:  Prof., Dr. Nguyen Van Nam

Vietnamese biotech products competitive on world market: Prof., Dr. Nguyen Van Nam

(VEN) - According to Professor, Doctor of Science Nguyen Van Nam, Chairman of the Vietnam Biochemical Technology JSC - BCC Group, Vietnamese biotech products are competitive on world market as Vietnam is aiming to export biotechnology to the US, EU, China...
NVIDIA to build AI research and data centres in VN

NVIDIA to build AI research and data centres in VN

An agreement to develop two centres dedicated to artificial intelligence (AI) studies was signed between the Vietnamese Government and the American technology company NVIDIA.
VinFuture Sci-Tech Week starts in Hà Nội

VinFuture Sci-Tech Week starts in Hà Nội

VinFuture Foundation organised the 'Science for Life' symposia on December 4, opening the VinFuture Sci-Tech Week and Award Ceremony series in Hà Nội.
Nineteen initiatives receive Vietnam Smart City Awards 2024

Nineteen initiatives receive Vietnam Smart City Awards 2024

The Vietnam Software and IT Services Association (VINASA) presented the Smart City Awards 2024 to 10 localities and authors of nine smart technological solutions during the Vietnam-Asia Smart City Summit 2024, held in Hanoi on December 3.
HCM City needs over 40 million USD for seven railway lines by 2035

HCM City needs over 40 million USD for seven railway lines by 2035

Ho Chi Minh City will need about 40.21 billion USD for constructing seven urban railway lines with a total length of about 355km by 2035, its Transport Department said.
Requirements for foreign drivers, vehicles operating in Vietnam

Requirements for foreign drivers, vehicles operating in Vietnam

The Government has issued a Decree detailing provisions for the enforcement of the Law on Road Traffic Order and Safety, including conditions under which foreign motor vehicles and drivers may operate in Vietnam.
Ninh Thuan agrees with, places high expectations on nuclear power project: Official

Ninh Thuan agrees with, places high expectations on nuclear power project: Official

Ninh Thuan - The Party organisation, administration, and people of Ninh Thuan province have high consensus and expectations on the nuclear power project which will be restarted in the south-central province after the 15th National Assembly (NA) approved the policy at its recent 8th session, according to Chairman of the provincial People’s Committee Tran Quoc Nam.
Clean energy vehicles to have their own rego stamps from 2025

Clean energy vehicles to have their own rego stamps from 2025

(VEN) - According to Circular 53/2024 of the Ministry of Transport, motor vehicles running on clean, green, and environmentally-friendly energy will have a distinct color for their rego stamps.
2024 Vietnam Business Day opens shop in Japan

2024 Vietnam Business Day opens shop in Japan

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".
Việt Nam

Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan

Under the theme 'Việt Nam’s OCOP Products: Gathering Values, Spreading Culture', Việt Nam’s pavilion spans 200 square metres.
Top 10 reputable logistics companies in 2024 announced

Top 10 reputable logistics companies in 2024 announced

The Vietnam Report JSC on November 29 announced the list of top 10 reputable logistics companies for 2024.
150 products honoured as “Vietnamese Goods Loved by Consumers 2024”

150 products honoured as “Vietnamese Goods Loved by Consumers 2024”

A ceremony honouring the 150 most popular products voted by consumers took place in Hanoi on November 28.
tcty-dau-khi-vn-pv-power-2022
Kinh Bac Art 3 contemporary painting exhibition opens

Kinh Bac Art 3 contemporary painting exhibition opens

(VEN) - On the afternoon of December 7, the Kinh Bac Art 3 contemporary painting exhibition was opened at the Appraisal and Exhibition Center of Art and Photography, 29 Hang Bai Street, Hoan Kiem District, Hanoi.
Exhibition on royal culture of Huế opens

Exhibition on royal culture of Huế opens

A special exhibition featuring the history and development of Huế Citadel has opened at the Museum of Hồ Chí Minh City.
Vietnamese artisans bring unique handicrafts to Milan

Vietnamese artisans bring unique handicrafts to Milan

Vietnamese firms are making their mark at the 28th Artigiano International Handicrafts Fair in Milan, the capital of Lombardy - Italy's largest economic and cultural hub, from November 30 - December 8.
Hanoi Digital Pho gives experience of unique culinary essence

Hanoi Digital Pho gives experience of unique culinary essence

(VEN) - Hanoi has just introduced to consumers and tourists its cultural heritage - Hanoi Pho - in a unique way, which is digital Hanoi Pho.
International visitors praise Phu Quoc as “beyond expectations”

International visitors praise Phu Quoc as “beyond expectations”

According to top travel agencies, airlines, and leading online travel platforms, Phu Quoc offers world-class tourism products, leaving international visitors amazed every time they return.
Leading global tourism enterprises hail Phu Quoc as "Hawaii of the East"

Leading global tourism enterprises hail Phu Quoc as "Hawaii of the East"

Over 70 representatives from leading global airlines, travel agencies, and online travel platforms gathered in Phu Quoc for the famtrip program “Journey to Your True Paradise.” This significant event highlighted Phu Quoc’s potential, with participants unanimously recognizing the island as a “Hawaii of the East.”
Vietnam among top five favorite destinations for US tourists

Vietnam among top five favorite destinations for US tourists

(VEN) - In the first 11 months of 2024, the US is in the list of Vietnam's leading source of tourists with more than 706,000 visitors.
15.8 million int

15.8 million int'l tourists came to Việt Nam in first 11 months, nearing 2024 target

Experts noted that the sharp increase in November is expected, as Việt Nam is in the peak international tourism season from October to March. The previous record for monthly international arrivals was set in November 2019, with over 1.8 million visitors.
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