Sunday, 19 Nov 2017

Hanoi city launchs the development plan for industry until 2020

Updated at Monday, 13 Nov 2017, 17:11
The Hanoitimes - Vietnam`s capital city has launched a development plan for support industries during the period 2017-2020 with a vision to 2025 to promote development of enterprises within the industry.

According to the Hanoi Department of Industry and Trade, the plan will focus on developing three key areas, including production of parts, auxiliaries for hi-tech products, along with the garment, textile and footwear industries.
The municipal authority will develop support programmes that match the ability of enterprises, requirements of multinational corporations, and that meet international standards in the field of support industries. It will also develop enterprises in the support industry, reaching international standards in production management and product quality.
Workers at a Canon factory in Hanoi. Photo:

The plan will establish production systems with connections among suppliers and multinational corporations, foreign enterprises, producers in Hanoi, and other places nationwide.
Hanoi will promote supplies in the key northern economic region, especially among industries having high demand for auxiliary products. These include automobile and motorbike production in Hanoi, Vinh Phuc, Bac Giang and Hai Phong; mechanical products in Hanoi, Vinh Phuc, Thai Nguyen and Hai Phong; and mobile phones in Bắc Ninh, Thai Nguyen and Vinh Phuc.
To assure the plan is successful, the city will continue to offer more efficient support for enterprises and link Vietnamese enterprises with foreign businesses.
The city will also seek investments for the parts supply industry, supporting enterprises in human resources development and technology transfers, reforming administrative procedures, and improving the investment environment.
Currently, Vietnam is home to about 0.3 percent of the approximately 500,000 enterprises operating in the parts supply industry, including 200 enterprises in Hanoi.
According to experts, the parts supply industry has not developed as expected due to poor awareness about the industry, lack of capital and technology, and low investment.
Also, implementation of policies on encouraging development of the support industry have not been as efficient as expected
Cam Anh
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