FDI momentum accelerates transformation of Vietnam’s plastics sector

FDI momentum accelerates transformation of Vietnam’s plastics sector

Strong FDI inflows are reshaping supporting industries, placing the plastics sector at a pivotal point to drive localisation and meet higher quality standards.
Double-digit GDP growth within reach with shift to higher-value expansion

Double-digit GDP growth within reach with shift to higher-value expansion

Vietnam has the foundation for double-digit GDP growth, but success depends on boosting value-added exports and refining growth drivers.
Connectivity key for supply chain

Connectivity key for supply chain

Many lawmakers are suggesting new mechanisms to boost the domestic supporting industries and foster supply chain connectivity between foreign and Vietnamese manufacturers.
Innovation for supporting industries

Innovation for supporting industries

Vietnam’s manufacturing sector is entering a new phase of rapid growth, driven by strong government support and shifting global supply chains.
Vietnam gears up to navigate shift in automotive industry

Vietnam gears up to navigate shift in automotive industry

Vietnam’s automotive market is poised to improve its value chain and tap into new opportunities amid the changing global landscape.
Supporting industries challenged to level up

Supporting industries challenged to level up

Despite being earmarked for prioritised development in various sectors, Vietnam’s supporting industries are still facing persistent structural hurdles and market limitations.
Time ticks on population advantage

Time ticks on population advantage

Japan is encouraging Vietnam to capitalise on its golden population period and enhance the development of supporting industries to attract more foreign investors.
Connections being improved for supporting industries

Connections being improved for supporting industries

Despite challenges in the market, supporting industry enterprises continue to receive positive news about export orders and are planning to expand production and factories.
Supporting industries seek newer policies

Supporting industries seek newer policies

Vietnam’s supporting industries are failing to meet set targets, with a tendency to rely too much on overseas vendors instead of developing domestic suppliers, which is leaving foreign investors hesitant to enter the market.
METALEX Vietnam 2023 is the must-see event for metalworking industry

METALEX Vietnam 2023 is the must-see event for metalworking industry

METALEX Vietnam 2023 is scheduled for the Saigon Exhibition and Convention Centre in Ho Chi Minh City from October 4-6.
Ample room remains for Vietnam-Japan cooperation in supporting industries

Ample room remains for Vietnam-Japan cooperation in supporting industries

There remains ample room for Vietnamese and Japanese enterprises to foster cooperation in supporting industries that are increasingly developing and playing an important role in Vietnam's participation in the global supply chain as well as the global value chain, insiders have said.
Hung Yen focuses on high-tech and supporting industries

Hung Yen focuses on high-tech and supporting industries

By prioritising large-scale projects in high-tech and supporting industries along with developing associated facilities, Hung Yen province is creating leverage for economic development.
Enhancing competition capacity of nation’s supporting industries

Enhancing competition capacity of nation’s supporting industries

The governments of Vietnam and South Korea are intensifying initiatives to improve the competitiveness of Vietnam’s supporting industries.
Electrification under spotlight at Ho Chi Minh City’s Autotech and Accessories 2023

Electrification under spotlight at Ho Chi Minh City’s Autotech and Accessories 2023

The Autotech and Accessories 2023 trade show has opened its doors with more than 300 booths related to the automobile, motorcycle, and EV industries.
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.
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