Southeastern localities develop support industries to modernise economy

17:33 | 21/09/2024 Support industries Follow Ven.vn on

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.

Manufacturing electronic components (Photo: VNA)

According to the Department of Industry and Trade of Ba Ria - Vung Tau Province, support industries accounts for about 50% of the total industrial production value, equivalent to 150 trillion VND (nearly 6.1 billion USD).

The locality aims to focus on in-depth industrial development from 2021 to 2025, aspiring to become a model locality for industrial development combined with environmental protection, with developing the support industries as a key task.

In Ho Chi Minh City, industrial production plays a central role and makes significant contributions to the city's economic development, accounting for nearly 20% of the city’s gross regional domestic product (GRDP).

Support industries are crucial for shifting the economic structure towards modernisation, helping increase labour productivity, competitive capacity, and added value, and the contribution of the processing and manufacturing industries to the whole sector.

According to Vice Chairman of the municipal People's Committee Vo Van Hoan, over recent years, the city has created favourable conditions for industrial enterprises to connect with multinational corporations for technology transfer and production management experience. The aim is to gradually modernise domestic production, join global supply chains, and accompany businesses in their technology innovation and production expansion.

The municipal Department of Industry and Trade was tasked with coordinating with the Ho Chi Minh City Industrial and Export Processing Zones Management Board (HEPZA) and the Management Board of Saigon Hi-Tech Park (SHTP) to annually organise the Sourcing Fair of Supporting Industries. This initiative aims to further improve the effectiveness of connection activities between Vietnamese support industry enterprises with foreign direct investment companies, and end-product manufacturing enterprises.

Developing a healthy support industry sector helps domestic manufacturing enterprises, especially small- and medium-sized enterprises, seize market opportunities, access, and gradually participate in global supply chains.

Ba Ria - Vung Tau authorities want to attract investment in developing support industry projects, and improve support capabilities and human resources to strengthen linkages between the foreign-invested sector and local enterprises in developing supply chains.

Meanwhile, under the Supporting Industry Development Programme for the 2024-2025 period, HCM City will focus on assisting support industry enterprises in investing, developing, and expanding markets, as well as connecting supply - demand for production./.

Source: VNA

See more news

Vietnam: A new bright spot in global electronics supply chain

15:47 | 22/10/2024 Support industries

(VEN) - In recent years, Vietnam has emerged as a bright spot in the global electronics supporting industry (CNHT) and is becoming an ideal destination for large technology corporations. This has opened further opportunities for Vietnamese enterprises to participate in global supply chains.

Ha Nam seizes opportunities to boost supporting industry development

15:15 | 07/10/2024 Support industries

(VEN) - The State’s incentive policies and the efforts of enterprises have brought positive results to the supporting industry of Ha Nam Province. Especially, in the province’s industrial parks (IPs), supporting industry enterprises have developed rapidly in terms of both quantity and quality.

Supporting industries catch new wave to make breakthroughs

17:00 | 03/10/2024 Support industries

(VEN) - A new playground has been created for Vietnamese supporting industry enterprises by the growth of a number of new industries, such as semiconductors, renewable energy, and electric vehicles.

Supporting industries a barrier to attracting FDI

09:43 | 30/09/2024 Support industries

(VEN) - The participation rate of the electronics, information technology, telecommunications, specialized electronics industries, etc. in the supporting industry supply chain is now only about 15 percent; and of domestic high-tech industries also at only about 10 percent.

Positive transformation: Supporting industries take on new responsibility

14:03 | 28/09/2024 Support industries

(VEN) - Domestic supporting industry enterprises have been increasingly applying modern standards and management tools to production and manufacturing, thereby participating deeply in the global production network and value chain.

Da Nang to become high-tech and supporting industry hub

08:15 | 28/09/2024 Support industries

(VEN) - Under its master plan for the 2021-2030 period, with a vision toward 2050, which has been approved by the Prime Minister via Decision 1287/QD-TTg dated November 2, 2023, Da Nang City is set to become a high-tech and supporting industry hub of the whole country.

Hung Yen Province prioritizes high-tech and supporting industries

14:42 | 27/09/2024 Support 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

17:25 | 26/09/2024 Support industries

(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.

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.

Latest Most Read

Viet Nam back as ASEAN’s growth star: HSBC

16:02 | 21/12/2024 Economy

From a challenging in the first quarter of 2024, Viet Nam’s domestic economy outlook has turned more positive as the recovery continues to firm up as the year progresses, which brings Viet Nam back as ASEAN’s growth star.

Gov't targets to gradually make English second language at schools by 2030

15:45 | 21/12/2024 Policy

The Government has approved a plan for international cooperation in the field of education and training until 2030 in order to improve the quality of workforce for socio-economic development.

Additional Vietnamese fruits given green-light to enter US and Australia

15:32 | 21/12/2024 Trade

Passion fruit and pomelo will be the next two Vietnamese agricultural products to be exported to the United States and Australia, according to the Import-Export Department under the Ministry of Industry and Trade.

Ha Giang Province promotes sales of local products through e-commerce

15:24 | 21/12/2024 Trade

(VEN) - Recently, the northern mountainous province of Ha Giang has implemented various solutions to boost trade, with particular emphasis on e-commerce development.

PM's Certificate of Merit presented to Japanese prefecture's governor

14:22 | 21/12/2024 Cooperation

Vietnamese Ambassador to Japan Pham Quang Hieu on December 20 handed over Prime Minister Pham Minh Chinh's Certificate of Merit to Governor of Niigata prefecture Hanazumi Hideyo in recognition of his contributions to Vietnam-Japan relations.

Multimedia

Video Longform Infographic Photo

Total FDI registered in Vietnam hits 31.4 billion USD in January-November

09:02 | 17/12/2024 Infographic

As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.

First 11 months of 2024: Import-export turnover increases 15.4%

10:55 | 16/12/2024 Infographic

In the first 11 months of this year, Vietnam’s total import-export turnover reached 715.55 billion USD, up 15.4% against the same period last year, of which exports rose by 14.4% and imports up 16.4%. In the reviewed period, Vietnam enjoyed a trade surplus of 24.31 billion USD.

11-month agro-forestry-fishery exports exceed yearly target

19:55 | 15/12/2024 Infographic

Vietnam’s total export turnover of agro-forestry-fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. The sector has exceeded the set target of 54-55 billion USD for the whole year, and is confidently aiming for a new record of 60 billion USD.

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

08:57 | 13/12/2024 Infographic

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.

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

09:05 | 12/12/2024 Infographic

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.

Policy

Gov't targets to gradually make English second language at schools by 2030

15:45 | 21/12/2024 Policy

The Government has approved a plan for international cooperation in the field of education and training until 2030 in order to improve the quality of workforce for socio-economic development.

Nine newly-adopted laws made public

16:42 | 20/12/2024 Policy

The Presidential Office on December 20 announced the President’s order to make public nine new laws that were passed by the 15th National Assembly at its eighth session.

Resolution on construction of North-South high-speed railway issued

11:42 | 19/12/2024 Policy

National Assembly Chairman Tran Thanh Man recently issued a resolution on the investment policy for the North-South high-speed rail project.

PM requests no one be left behind in apparatus restructuring

09:16 | 18/12/2024 Policy

Prime Minister Pham Minh Chinh on December 17 requested the development of regimes and policies to ensure the legal and legitimate rights and interests of officials, civil servants, public employees, and labourers in the restructuring of the organisational apparatus, with no one left behind.

Industry & Trade

Ministry proposes incentives for renewable energy projects

16:17 | 20/12/2024 Energy

The Ministry of Industry and Trade has proposed incentives to attract investments in renewable energy projects in a draft decree on implementing the Law on Electricity, which has recently been made public for comments.

The Era of Advancement for Vietnam Industrial Park

17:15 | 19/12/2024 Industry

(VEN) - The Vietnam Industrial Park Forum 2024, themed “The Era of Advancement for Vietnam Industrial Park”, is officially held in Ho Chi Minh City.

Vietnamese coffee sector working to meet EU Deforestation Regulation

16:38 | 18/12/2024 Industry

The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the Sustainable Trade Initiative (IDH) organisation of the Netherlands on December 17 co-organised the handover ceremony of the pilot results for the database system for forests and coffee-growing areas in compliance with the EU Deforestation Regulation (EUDR).

Construction industry expands at the highest rate since 2020: ministry

09:38 | 18/12/2024 Industry

The construction industry is estimated to expand at around 7.8- 8.2% this year, the highest rate since 2020, according to a Ministry of Construction report.

Investment

Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025

12:33 | 21/12/2024 Investment

The Southeast Economic Zone of Nghe An Province targets attracting around 1 billion USD in foreign direct investment (FDI) in 2025, heard at a conference held by the Nghe An Southeast Economic Zone Management Board in Vinh City on December 20.

Boeing aims to expand investment and cooperation in Vietnam’s defense sector

17:00 | 19/12/2024 Investment

Mr. Dale McDowall, Executive Leader, Defense and Aerospace, Singapore and Southeast Asia at Boeing's Defense, Space & Security, announced that Boeing aims to invest in Vietnam and expand cooperation in the defense sector.

Can Tho attracts non-state investment

10:21 | 17/12/2024 Investment

Can Tho has been planned as a nuclear urban centre of the Mekong Delta region and received central government attention after the National Assembly issued a resolution on piloting special mechanisms for Can Tho’s development.

FDI remains vital contributor to boost economic growth

09:06 | 13/12/2024 Investment

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.

Finance-Banking

Year-end surge in property bond issuance amid financial challenges

09:39 | 20/12/2024 Finance-Banking

As 2024 draws to a close, Vietnam's real estate industry is witnessing a notable surge in corporate bond issuances.

Vietcombank named most valuable brand in Vietnam

16:43 | 18/12/2024 Finance-Banking

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the most valuable brand in Vietnam in 2024, according to a recently released report of Forbes Vietnam.

Many banks increase deposit interest rates in year-end period

16:56 | 16/12/2024 Finance-Banking

In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

15:16 | 13/12/2024 Finance-Banking

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

Environment

Vietnam likely to face continued turbulent weather systems in 2025

14:26 | 19/12/2024 Environment

Global temperatures are expected to rise next year, posing a significant risk of extreme and prolonged heat waves in Vietnam, Mai Van Khiem, Director of the National Centre for Hydro-Meteorological Forecasting (NCHMF), has predicted.

Nature-based projects help Mekong Delta fight climate change

16:31 | 18/12/2024 Environment

Nature-based projects implemented by the World Wildlife Fund (WWF) Vietnam in the Mekong Delta region have helped support local residents to adapt to climate change, heard at a workshop which is part of The Mekong Connect Forum 2024 held in Mekong Delta province of An Giang on December 17.

11 rare monkeys released back into wild in Nghe An

09:27 | 18/12/2024 Environment

Eleven rare monkeys were released into the Pu Huong Nature Reserve in the central province of Nghe An on December 17.

Master Plan on Sustainable Exploitation and Use of Coastal Resources announced

11:26 | 16/12/2024 Environment

(VEN) - The Master Plan on Sustainable Exploitation and Use of Coastal Resources for the 2021-2030 period, with a vision to 2050, was announced by the Ministry of Natural Resources and Environment on December 15 at a conference in Khanh Hoa Province.

Science - Technology

Vietnam can partner with UK in developing nuclear power: Expert

12:43 | 21/12/2024 Science - Technology

Vietnam should research the feasibility of applying small modular nuclear reactor technology that the UK is currently working on, according to Dr. Dao Duc Cuong from the mechanical, engineering and energy faculty of the University of Bradford of the UK.

Vinaphone launches fastest 5G service in Vietnam

12:38 | 21/12/2024 Science - Technology

Vinaphone, the mobile network operator under the Vietnam Posts and Telecommunications Group (VNPT), has launched its official 5G service offering ultra-fast speed and unparalleled experience for both individual users and businesses alike.

Vietnam cooperates with Google to launch “Official Government Apps" feature

17:13 | 20/12/2024 Science - Technology

The Authority of Information Security (AIS) under the Ministry of Information and Communications, in collaboration with Google, launched the "Official Government Apps" feature on December 20 to enhance user protection against fraudulent activities and ensure online safety in Vietnam.

Two VNA newspapers rated "excellent" in digital transformation maturity

14:29 | 17/12/2024 Science - Technology

Two newspapers of the Vietnam News Agency - VietnamPlus and Tin tuc (News) - are among the 28 press agencies in Vietnam rated “excellent” in digital transformation maturity by the Authority of Press under the Ministry of Information and Communications.

Society

How will green transformation roadmap for Ho Chi Minh City public transport be applied?

12:19 | 21/12/2024 Society

(VEN) - According to the Ho Chi Minh City People’s Committee, from 2030, 100% of the city’s buses will use electricity and green energy.

Vietnam aims high with global education integration scheme until 2030

16:36 | 20/12/2024 Society

Deputy Prime Minister Le Thanh Long has signed a decision approving a scheme on global integration in education and training until 2030, aimed at fostering socio-economic development, people-to-people diplomacy and international cooperation across various sectors.

HCMC - Trung Luong - My Thuan Expressway to be expanded

15:46 | 18/12/2024 Society

(VEN) - On the afternoon of December 17, the Government Office issued Notice No. 558/TB-VPCP, concluding the remarks of Deputy Prime Minister Tran Hong Ha at a meeting on the investment project to expand the Ho Chi Minh City (HCMC) - Trung Luong - My Thuan Expressway.

Metro line 1 begins commercial operations this weekend

10:45 | 18/12/2024 Society

The Metro Line 1 (Ben Thanh - Suoi Tien) in Ho Chi Minh City will start commercial operations on December 22, 2024, while its official inauguration has been postponed to after the 2025 lunar New Year (Tet) holiday.

Vietnamese Brands

Viettel's hi-tech products meets standards for supply to Malaysia

13:19 | 21/12/2024 Vietnamese Brands

The Viettel High Technology Industries Corporation (VHT), a subsidiary of the the Viettel Military Industry and Telecoms Group (Viettel), announced on December 20 that it has received a certification from the Ministry of Defence, and the Army of Malaysia, recognising that Viettel's military communication products meet standards to be supplied to the Malaysian Army.

Hanoi promotes key industrial products

12:57 | 15/12/2024 Vietnamese Brands

Thirty-six products from 25 businesses were selected and recognised as Hanoi’s key industrial products for 2024.

Building a strong brand for Ha Giang’s thick-skinned orange

14:31 | 12/12/2024 Vietnamese Brands

(VEN) - With high nutritional value good for health, the thick-skinned orange has become well-known as a specialty of Ha Giang Province.

2024 Vietnam Business Day opens shop in Japan

14:49 | 04/12/2024 Vietnamese Brands

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

Culture

Enduring tradition of Ha Nhi ethnic minority group's costumes

13:14 | 21/12/2024 Culture

Nestled in the rugged landscapes of northern mountainous Dien Bien province, Ha Nhi ethnic minority group in Sin Thau, Sen Thuong, Leng Su Sin and Chung Chai communes of Muong Nhe district have preserved their traditional costumes through generations, ensuring that its significance remains as vital today as it was in the past.

Legendary band Boney M to thrill Vietnamese audiences this Christmas

14:49 | 17/12/2024 Culture

World renowned disco band Boney M are set to enliven the Central Highland province of Lam Dong alongside celebrated singers and bands from the 1970s and 1980s, including Joy and Samantha Fox, during the Da Lat spring concert which will be held on December 21.

Ten prominent cultural, sports, tourism events in 2024 announced

14:39 | 17/12/2024 Culture

The Ministry of Culture, Sports, and Tourism on December 16 announced the top 10 cultural, sports, and tourism events for 2024 based on both direct and online voting.

Argentine culture moves closer to Vietnam with Tango dance

15:15 | 16/12/2024 Culture

(VEN) - The Tango dance from Argentina is sometimes lively, sometimes gentle, with sophisticated melody and lyrics, is getting closer to the Vietnamese people who love the Argentine culture.

Tourism

Two VNese destinations among cheapest places to live for digital nomads

13:10 | 21/12/2024 Tourism

Popular website Travel off Path of the United States has listed two Vietnamese places among their Top 4 Exciting Digital Nomad Destinations in Asia Where You Can Live On under US$1,000 a Month list.

Vietnam among top 3 destinations appealing to Australians

14:34 | 17/12/2024 Tourism

Australians are continuing to travel in record numbers with the latest data revealing Vietnam as one of the three top-growth destinations, according to the Singapore-based asianaviation.com on December 16.

Ha Long Bay celebrates 30 years as a world heritage site

15:16 | 16/12/2024 Tourism

Ha Long Bay, a breathtaking gem of Vietnam, was recognised as a World Natural Heritage site three decades ago, on December 17, 1994. This 30-year milestone not only marks a moment of pride for Vietnam but also underscores the immense responsibility that comes with safeguarding such a natural treasure.

“Biet dong Sai Gon - Legendary Tunnels" tour launched

15:10 | 16/12/2024 Tourism

The People’s Committee of District 10 in Ho Chi Minh City and the Chim Canh Cut Travel Service Joint Stock Company on December 14 launched an inter-district tourist tour named "Biet dong Sai Gon - Nhung can ham huyen thoai" (Saigon Special Forces - Legendary Tunnels."

Southeastern localities develop support industries to modernise economy

See also

See more news

Multimedia