Positive signals of supporting industrial enterprises

VCN - With a series of opportunities for cooperation and investment connections being opened and supportive policies being actively promoted, the production and business situation of supporting industry enterprises has been showing many positive signs
FDI enterprises are looking for domestic supporting industry suppliers FDI enterprises are looking for domestic supporting industry suppliers
The supporting industry needs high-tech human resources The supporting industry needs high-tech human resources
High-tech workforce is essential for the supporting industry sector High-tech workforce is essential for the supporting industry sector
Supporting industry enterprises have high expectations for the shift in production as well as efforts to promote cooperation between the parties. Photo: H.Diu
Supporting industry enterprises have high expectations for the shift in production as well as efforts to promote cooperation between the parties. Photo: H.Diu

Opportunities from cooperation

Recently, the Hanoi Supporting Industry Business Association (HANSIBA) has had a series of connections and signed cooperation agreements with many international businesses, associations and organizations related to investment, production, linking in the field of supporting industries, especially the electronics industry, semiconductor chips, circuit boards, precision mechanical components in the field of electronics, phones...

Most recently, HANSIBA and N&G Group Joint Stock Company (N&G Group) signed a cooperation agreement with the China-India-Vietnam Electronics Business Association (CMA) on the application of automation technology for supporting the development of supplier chains for the electronics industry in Vietnam. Accordingly, the parties will jointly venture and associate production and business to form semiconductor chip production complexes, high-precision mechanical complexes... in phase 2 of HANSSIP Industrial Park in Hanoi and in a number of industrial parks invested and developed by N&G Group.

Previously, HANSIBA also signed a development cooperation agreement with the Cheongju City Business Council, Korea (CEC) to jointly invest and produce semiconductor chips, electronic circuit boards, and precision mechanics for various industries of aerospace, marine economy, agriculture, forestry and fishery and civil products... At the same time, businesses will work together to train high-tech workers, manage and transfer technology...

In addition, associations and supporting industry enterprises in Hanoi and other provinces also signed and "shake hands" to cooperate with businesses from Japan, China, India... to seek opportunities of business association, study and technology transfer to meet the increasing requirements of the market, thereby creating a boost for development in 2024.

Need to remove problems and support quality improvement

According to information from the Ministry of Industry and Trade, Vietnam's industrial production has recovered and received many positive signals even though it has not really had a breakthrough. The General Statistics Office commented that thanks to manufacturing enterprises' efforts to find orders to complete the year's production and business plans as well as prepare goods to serve consumption at the end of the year, industrial production will continue in November with the positive trend. Furthermore, Vietnam can also benefit from multinational corporations shifting production.

Speaking more about this issue, Mr. Dao Phan Long, Chairman of the Vietnam Association of Mechanical Enterprises, said that industrialized countries continue to promote strategies to diversify sources of supply and diversify supply chains... This will help Vietnam become an important production and export center in the global value chain.

According to businesses, many policies to remove difficulties for production and business enterprises continue to be actively and synchronously implemented, thus supporting businesses to promote production and business. In the past 11 months, over VND 172,000 billion in taxes, fees, and land use fees have been exempted, reduced, or extended, of which about VND 65,000 billion has been exempted or reduced. This is the driving force for the business situation to improve even more.

However, businesses and experts also raised many concerns. The representative of SKD Vietnam Mechanical Company said that the global economy in 2024 still has many challenges and unpredictable, Vietnam's economy is highly open so it is very susceptible to negative impacts. Therefore, this person said that businesses need more support to improve their resilience as well as enhancing connectivity and removing difficulties in administrative procedures for businesses.

Mr. Nguyen Van, Vice Chairman of HANSIBA also acknowledged that businesses in the association still face many difficulties in capital, financial capacity while the supporting industry and mechanical engineering sectors need large investments in capital but long capital recovery period. Therefore, representatives of Hanoi supporting industry enterprises suggested increasing access to capital as well as adding more connection solutions for businesses to participate more smoothly in the global value chain.

According to Mr. Onaga Masaru, President of Onaga Company, the company tries to be able to do the steps in supplying Boeing, from simple to more complex, but needs to have AS9100 "Management System" certification about quality of the aviation industry". This is one of the essential certifications for domestic and foreign supporting businesses that intend to participate in the global aerospace supply chain and of corporations such as Boeing. Therefore, supporting industry enterprises expressed their desire to receive support to achieve this certification from infrastructure investment to human resources...

By Huong Diu/Bui Diep

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