PPC Vice Chairman stressed the province is targeted to “localizing” the supporting industry.

PPC Vice Chairman Pham Van Thinh speaks at the conference.

To that end, the province is encouraging businesses to invest in supporting industries by offering land incentive policies in industrial clusters, supporting construction of factories and allocating part of science, technology and innovation development fund to motivate enterprises to invest in modern production lines, application of science and technology in production and logistics infrastructure development.

The draft project sets out an orientation for Bac Ninh province to sharply shift the supporting industries from extensive to intensive growth, with enterprises’ competitiveness and their position in the supply chain as the core.

Luong Duc Thu, Chairman of Automech Mechanical Equipment and Solutions Joint Stock Company speaks at the event.

The province prioritizes such sectors as electronics, semiconductors, precision engineering, automation, automotive components and assemblies and high-tech industries, while limiting the development of industries requiring a large amount of labour, natural resources and energy with low added value.

At the conference, the participants discussed and gave opinions on key contents for implementation of the project

PPC Vice Chairman Pham Van Thinh highly appreciated the sense of responsibility, intelligence, dedication and determination contributed by the participants, experts, associations and business community.

In order to put the project into practice at an early stage and gain tangible results, PPC Vice Chairman requested a focus on developing a diversified, integrated and sustainable supporting industry ecosystem while gradually strengthening supply chains within the province to help enterprises optimize costs, shorten delivery time and enhance their competitiveness.

Chung Won Seok, Director General of Hana Micron Vina Company Limited participates in discussion session.

FDI and big companies were urged to promote experience sharing, support and link with domestic businesses. The province is committed to providing equal investment climate for mutual cooperation and development.

The Department of Industry and Trade was assigned as a focal agency in state management and fully grasp opinions to complete the project.

The Association of Supporting Industries will act as a contact agency to connect businesses and gather arising opinions.

The Association of Supporting Industries was assigned to collaborate with relevant agencies to organise the “Business Coffee” program on a monthly basis since October, providing an open forum for provincial leaders and representatives of departments and agencies to directly meet with businesses, listen to and promptly resolve their difficulties and challenges. They will accompany enterprises in development of supporting industries.

Upgrading supporting industries in Vietnam

The capacity of Vietnam’s supporting industries directly reflects the economy’s level of autonomy. In recent years, the sector has made notable progress, yet challenges remain, particularly technological bottlenecks.

 

Supporting industries expected to become key link in supply chains

The presence of multinationals like Samsung, Canon, Intel, and Bosch has provided a strong boost. These giants bring not only investment or technology but also stringent quality and management standards, compelling Vietnam’s enterprises operating in supporting industries to upgrade themselves.

 

Bac Ninh creates boost to supporting industry

BAC NINH - Seizing opportunities from the wave of foreign investment, many enterprises in Bac Ninh Province have proactively developed well-structured production and business strategies, gradually becoming key links in global supply chains. With various policies from both the central and local governments, the province's supporting industry is expected to be activated, creating new momentum and making significant contributions to economic growth.

Bac Ninh invests 17.1 million USD to connect Van Trung & Quang Chau Industrial Parks

BAC NINH - The Bac Ninh No. 1 Traffic and Agriculture Project Management Board has started construction of a road connecting Van Trung Industrial Park with Quang Chau Industrial Park in Nenh Ward.

Bac Ninh establishes 45-hectare Que Tan industrial cluster

BAC NINH - Bac Ninh province has established the Que Tan industrial cluster, covering about 45 hectares, under a decision signed by provincial People's Committee Vice Chairman Pham Van Thinh.