With the objects to build and develop the supporting industry to ensure the implementation of target by 2020 to make Vietnam basically become an industrial country having products of supporting industry with high competitiveness, meeting 45% of essential demand for production and consumption in the country and for export and exporting 25% of value of industrial production, Vietnam has about 1,000 enterprises of supporting industry qualified for supply to assembling enterprises and multi-national corporations in the territory of Vietnam…
On October 08, 2014, the Minister of Industry and Trade signed the Decision No. 9028/QD-BCT dated October 08, 2014 of the Ministry of Industry and Trade approving the master plan for supporting industrial development by 2020, with a vision to 2030.
At the same time, by 2020, priority is given to the development of area of spare parts and components for the demand of local manufacturing and fabrication areas, especially the mechanical industry, automobiles, agricultural machinery, electronics and some high-tech industries; prioritizing the investment attraction into the area of raw materials and ancillary materials for industry of textile – footwear to ensure the initiative in local production and increase the competitiveness of exported products; priority is given to attract investment in fabricating material manufacturing such as: fabricated steel, plastic, rubber, composite and ceramics for high-tech industry, basic chemicals and specialized chemicals used in industrial biotechnology, new material industry and electronic materials…
Besides, the Minister also emphasizes on some major solutions and policies on development of number and improvement of capacity of domestic enterprises of supporting industry; improve capacity for domestic enterprises of supporting industry such as encouraging and supporting Projects of investment and making of products of supporting industry with large market, applying modern technologies to make products up to international standard and with high competitiveness; developing programs to incubate enterprises of supporting industry to increase the number of manufacturing enterprises.
This Decision takes effect on the signing date.
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