THACO INDUSTRIES one-stop model

THACO INDUSTRIES one-stop model

Leveraging seamless investment, THACO INDUSTRIES is expected to become a critical factor in promoting the development of the mechanics and supporting industries in the central region and Vietnam. Vietnam currently has over 7,000 mechanical manufacturers and 5,000 manufacturers in supporting industries. However, due to the limitation of capital, technology, and human resources, most manufacturers only produce or process in one or a few stages. Customers have to connect with many partners to obtain a complete product, making the supply chain complicated, inefficient, time-consuming, and costly.
Vietnam’s supporting industries seeking incentives

Vietnam’s supporting industries seeking incentives

Vietnamese enterprises are looking for new opportunities amid shifting global supply chains and the volatile world economy, but restrictive policies could be in the way of this endeavour.
Upcoming mega expos to shape future of supporting industries

Upcoming mega expos to shape future of supporting industries

Two mega expos, METALEX Vietnam 2022 and Vietnam Supporting Industry 2022, are expected to shape the future of Vietnam's supporting industries.
The new face of manufacturing supporting industries

The new face of manufacturing supporting industries

Improving Vietnam’s localisation rate, particularly in the country’s supporting industries, is a long-term goal that requires the right policies and incentives as local manufacturing expert Le Lam outlines.
Assisting local groups with aspiration to reach higher

Assisting local groups with aspiration to reach higher

Several domestic groups are transferring their operations to supporting industries in conjunction with the shifting of foreign investors to Vietnam. Ngo Huu Tiep, chairman of Haast Industry Vietnam, a subsidiary of Giza E&C, told VIR’s Nguyen Oanh about the challenges of such a transition, and proposals to create leverages to foster domestic supporting industries.
Industrial production recovers quickly with growth of 9.4 percent in eight months

Industrial production recovers quickly with growth of 9.4 percent in eight months

The index of industrial production (IIP) in the first eight months of 2022 surged 9.4 percent over the same period last year, according to the General Statistics Office (GSO).
Hanoi to develop supporting industries

Hanoi to develop supporting industries

The capital city of Hanoi has set up many solutions to develop other supporting industries, aiming to increase the municipal supporting industry development index.
New steering committee suggested to resolve issues for supporting industries

New steering committee suggested to resolve issues for supporting industries

The government should establish a national steering committee, headed by a deputy prime minister, to promptly resolve problems and challenges facing supporting industries, according to Nguyen Hoang, Vice Chairman of the Vietnam Association for Supporting Industries (VASI).
Quang Ngai prioritises investment promotion for supporting industries

Quang Ngai prioritises investment promotion for supporting industries

Supporting industries will be a focus of an investment promotion plan released by central Quang Ngai province for 2021.
Supporting industries receiving multinational boost

Supporting industries receiving multinational boost

The relocation of multinational corporations has accelerated the shift of foreign investment capital to Vietnam’s supporting industries to accommodate the lack of local suppliers.
Essential guidance beefing up domestic supporting industries

Essential guidance beefing up domestic supporting industries

While highly appreciating the solutions and policies set forth in the government’s Resolution No.115/NQ-CP on the development of supporting industries..
Clouds are breaking for local supporting industries

Clouds are breaking for local supporting industries

Despite the impact of the COVID-19 pandemic, Vietnamese supporting industries are still moving forward in line with a wave of manufacturing relocation.
Supporting industries await resolution

Supporting industries await resolution

To guarantee the transparent and unified implementation of the country’s investment incentive policy, the Vietnamese government is trying to resolve an impasse around the transitional treatment of tax incentives for projects manufacturing prioritised supporting industry products.
Capital city strives for 900 firms in supporting industries by 2020

Capital city strives for 900 firms in supporting industries by 2020

The capital city has set a goal of having about 900 firms in supporting industries by late 2020, according to the municipal Department of Industry and Trade.
Supporting industries take the reins

Supporting industries take the reins

With global firms rushing into Vietnam in the era of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, there is an urgent need for the country to develop its own supporting industries.
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