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Official Gazette

Wednesday, October 24, 2018

Experts advise on development of support industries

Updated: 16:58’ - 22/08/2014

Support industries should be treated as the backbone of the country’s industry and play a key role in raising the competitiveness of industrial products, and without having support industries, it would be impossible to operate manufacturing sectors, Truong Thanh Hoai, deputy director of the Heavy Industry Department of the Ministry of Industry and Trade said during a workshop to discuss solutions to develop support industries held on July 30 by Ho Chi Minh City Economics University and the Economic Commission of the Party Central Committee.

Professor Vo Thanh Thu said developing support industries must focus on Vietnam’s advantageous sectors, including garments and textiles, engineering and electronic assembly, which have a large demand for support industries.

The country has not yet developed specialized industrial complexes exclusive for support industries, while manufacturing industries are largely relying on imported raw materials and components.

Hoai said the Ministry of Industry and Trade is elaborating a decree on development of support industries and is expected to submit it to the Government in the last quarter of this year. The decree would focus on measures to support technology, production management and customer services of local support industry companies, and supplement incentives on corporate income tax and construction regulations on building support industry complexes to attract global multinationals.-


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