Hung Yen: Promoting the development of supporting industries

Published on 10 - 08 - 2022
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Implementing the Resolution No. 115/NQ-CP dated August 6, 2020 of the Government on the solutions to promote the development of supporting industries, over the past time, the province has focused on improving the business investment environment and attracting foreign investment effectively. Up to now, the province has attracted nearly 500 foreign-invested projects, with a total capital of more than 5.9 billion USD. This breakthrough has been creating conditions and requirements for the development of supporting industry in the locality. In order to create a breakthrough and innovation in attracting investment in the province as well as focusing on industrial development in the direction of prioritizing production projects with high technology and added value, the province encourages investment in development of supporting industry in the field of manufacturing and assembling of machinery and electronic equipment. To create favorable conditions for businesses, the province is focusing on investing in building increasingly modern infrastructure of industrial parks, soon forming scientific and technological industrial zones; continuing to convert functions, moving enterprises into industrial zones. In the coming period, the attraction of investment in the province's industrial zones will change positively, more substantively, more selectively in the direction of specialization, ecology and intelligence to create new attraction.

Production at Maz Asia Auto Manufacturing and Assembling Plant (Kim Dong)

In fact, in the past years, in order to develop sustainable and in-depth industry, the province has been actively implementing solutions to support supporting industry enterprises, help to increase the value of industrial products in the country, bring the local industry deeply involved in the global value-added chain. Up to now, the supporting industry of the province has gradually formed a production link between domestic enterprises and foreign-invested enterprises (FDI).

According to statistics, currently in the province, there are nearly 300 enterprises manufacturing supporting industry products on the list of industries prioritized for development, focusing on forming quite clearly in 6 fields: Mechanical engineering; electrical equipment, electronic; textile and garment; leather shoes; manufacture and assembly of automobiles; high-tech industry, in which there are many supporting industry enterprises from large corporations in the world. Typically, Kyocera Vietnam Co., Ltd (Yen My) specializes in manufacturing electronic ceramic components, telecommunications equipment, jewelry processing; LTK Vietnam Co., Ltd. (Van Lam) is engaged in the production of batteries and accumulators, the production of spare parts and auxiliary parts for motor vehicles and car engines... and has a market in Japan... A number of enterprises in the industrial park have formed industry links and value chains such as yarn production, textile dyeing, fabric finishing for garment production at Semapo Vina Co., Ltd., San Ma Ru Vina Co., Ltd.

According to the orientation of the province, by 2025, supporting industry will become an important one of the province, capable of producing and supplying components and spare parts for a number of domestic industries; by 2030, supporting industry will gradually participate in the global supply chain of large multinational corporations in the world, specifically: For the field of mechanical engineering, by 2025, the product orientation in manufacturing molds, stamping, casting, jigs, precision machining, machine parts and components, dynamic equipment and agricultural machines with an output of 500 - 600 thousand products of all kinds; farbicated steel reaching about 150 thousand tons of products of all kinds. By 2030, the production of metal mechanical components will reach 1,000 - 1,200 thousand products and farbicated steel at 250 - 300 tons of products of all kinds. For the field of electrical and electronic equipment, with a vision to 2025, the production of electronic components and electronic circuits will attain an output of 12-15 million products of all kinds...

Mr. Nguyen Van Tho, Director of the Department of Industry and Trade said as follows: In order to promote the development of the supporting industry, the department has been advising the province to carry out such key solutions as: Effectively and synchronously deploying mechanisms, specific policies to develop supporting industries, at the same time developing and implementing effective policies for materials industry and developing markets for manufacturing and assembling of finished products, creating a foundation for the basis for industrialization towards modernity and sustainability. To enhance the role and encourage localities to invest resources to implement policies, programs and activities to support supporting industry enterprises on the basis of the provisions of law and ensure the compliance with the local socio-economic conditions. In addition, continuing to implement preferential policies on interest rates for supporting industry enterprises; creating opportunities to form and develop domestic value chains through attracting investment and promoting business connections and linkages among Vietnamese enterprises, multinational ones and manufacturing and assembling companies domestically and abroad; building concentrated supporting industry zones to create clusters of industry linkages; developing materials industry in order to increase the autonomy in raw materials and input materials for production, and reducing the dependence on imported sources. At the same time, developing human resources in the field of supporting industry through programs and plans to improve skills, promote linkages between training institutions and enterprises, and linking vocational education with the labor market, developing the management system and ensuring the quality of vocational education, deploying the management model in the direction of modern, streamlined, professional, applying according to international standards and applying information technology, promoting international cooperation in human resource training and development…

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