BUSINESS Updated at 09:33:49 01/26/2021  (Views:  61 )
Vietnam

Vietnam’s supporting industries receive push to develop further

The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries.

Illustrative image (Source: VNA)

Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains.

However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises.

In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and diversify markets.

Accordingly, it is necessary to build and govern national industrial policies with the focus on Vietnam’s advantageous fields, develop micro-, small- and medium-sized enterprises, develop domestic private enterprises, and step up reform in the State sector, Loc added.

The Vietnamese Government recently issued Resolution No. 115 on solutions to promote the development of the supporting industries. The resolution is hoped to create a premise for ministries and sectors to research and put forward specific policies to deal with existing shortcomings.

Substantial, strong and timely policies are expected to boost the development of supporting industries, thus opening up big opportunities for Vietnam to anticipate investment flows.

To realise the resolution, the Ministry of Industry and Trade inaugurated the Vietnam – Republic of Korea consultancy and technology solution centre (VITASK) and a pattern technical centre. The inauguration marked a breakthrough of the ministry in supporting domestic enterprises in participating in global supply chains, and meeting Korean enterprises’ demand for high-quality human resources and potential suppliers.

Source: VNA

View by date
Information
20 collectives, individuals in culture- sports sector awarded by PPC Chairman

BTO- Chairman of the provincial People’s Committee lately signed a decision on awarding certificates of merit to 7 collectives and 13 persons with outstanding achievements in sporting, cultural and artistic competitions in 2020.

Read more
Province’s leaders visited, gifted medical  establishments on Vietnamese Physicians’ Day 

BTO- Mr. Duong Van An- Member of the Party Central Committee- Secretary of the provincial Party Committee on February 26 made a visit to Binh Thuan General Hospital, provincial Lung Hospital, Phan Thiet city medical center, and the provincial hospital for Traditional medicine and Rehabilitation on the occasion of the 66th anniversary of Vietnamese Physicians’ Day (February 27, 1955-2021).

Read more