JETRO's latest survey revealed that Japanese enterprises operating in Vietnam—including local supporting industry enterprises—achieved a localization rate of 36.6%, comparable to Malaysia and the Philippines.

Program to include training high-quality human resources.

Manufacturers paying little attention to energy efficiency solutions due to limited financial and technical capacity.

The 5th “Sourcing Fair Supporting Industries” gathering is being held on September 8 and 9 in Ho Chi Minh City, with the participation of major domestic and foreign enterprises in the fields of electronics, mechanical engineering, and hi-tech medical. Enterprises need to find suppliers for more than 500 components to boost production localization.

Only some 30 per cent of enterprises in Vietnam’s supporting industry have joined global supply chains and value chains, according to the Ministry of Industry and Trade. This shows that the link between local and foreign enterprises is yet to be fully developed.

Businesses are facing difficulties caused by the ongoing Covid-19 pandemic in China leading to mass delays in production chains.

Supporting industries in central Da Nang city are to receive much-needed support. Those prioritized for development include the processing of raw materials and the manufacturing of components and spare parts. There will also be preferential policies introduced for enterprises investing in the development of supporting industries.

The real estate sector in northern Thanh Hoa province has attracted greater attention from investors in recent times. Many are focusing on new and unexplored markets during an investment wave in industrial real estate for supporting industries.