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Official Gazette

Tuesday, May 30, 2017

Supporting industry to receive assistance from the State

Updated: 07:25’ - 04/03/2017
The Government will provide wide-ranging assistance to the supporting industry, aiming at the target that local suppliers will be able to meet 45 percent of the domestic production demand by 2020, and 65 percent by 2025.

 Under Prime Minister Decision 68/QD-TTg, the State will assist the industry in research and development, technology transfer and renewal, and human resource development. It will also promote foreign direct investment in the industry.
Supporting industry businesses will be provided with easier access to loans so as to expand their research and production activities__Photo: Internet

The Decision also says that supporting industry businesses will be provided with easier access to loans so as to expand their research and production activities.

The program will be implemented in two phases, focusing on developing the supporting industry in three key fields: components and spare parts; textile, garment, leather and footwear products; and hi-tech equipment.

 In the period from now to 2025, priorities will be given to creating conditions for supporting industry businesses to become suppliers for domestic and overseas manufacturers, attracting foreign investment capital for the supporting industry, and helping supporting industry enterprises in application of management systems up to requirements of the global production chains, human resource training, and trial production of components, spare part, raw materials and supplies.  

As for supporting industry enterprises serving the hi-tech industry, efforts will be concentrated on production of special-use materials and supporting instruments, software and services and provision of equipment and machinery maintenance and repair services up to international standards. In addition, research and production of new materials, especially electronic materials, will be encouraged.- (VLLF)
 

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