Hanoi (VNA) – The project“Vietnam’s Supporting Industries to Europe” has improved manufacturing capacityof the sector after three years of implementation.
During a seminar held in Hanoi onMay 29 to review the project, Director of the Supporting Industry EnterprisesDevelopment Centre (SIDEC) Truong Thi Chi Binh said among more than 200participating enterprises, 98 percent of them have increased sales while 38percent have recorded higher export earnings.
The project has connected spareparts manufacturers with buyers worldwide, particularly those in the Europeanmarket, and assisted in building relevant policies.
Thanks to the project’s support, theVietnam Association for Support Industries (VASI) was born in March 2017 whichlinks together businesses, organisations and individuals working in the field. Upto 30 training courses in manufacturing-trade have benefited 1,500 people while67 stalls were organised for businesses in eight international fairs in Europe.
Do Thi Thuy Huong from theVietnam Electronics Industries Association said the project has made it easierfor Vietnamese firms to supply products to Samsung.
Participants suggested ministriesand agencies concerned offer support in training, connectivity and joininginternational fairs.
According to Binh, Vietnam isstrong in products requiring both machinery and hand assembling, such aselectronic circuit which is sold well at international fairs.
The government was urged to offerincentives to businesses regarding loans, technology and training in order tofacilitate Vietnam-European Union (EU) trade.
The VASI also needs to improveits consultancy capacity and training for manufacturing firms.
The “Vietnam’s SupportingIndustries to Europe” project was funded by the EU with a total cost of morethan 412,000 EUR.
Carried out from June 2014 – June2017, it aims to improve the capacity of Vietnam’s small and medium enterprisesin support industry, particularly in engineering, electricity-electronics,plastics and rubber.-VNA
A string of exhibitions of machine tools , electronic technologies and equipment, and solutions for support industries kicked off in HCM City on October 6.
The northern province of Ha Nam called on Japanese enterprises to invest in its support industry during a conference in Japan’s Osaka city on October 11.
Linking small and medium-sized enterprises (SME) and selecting some of them to join the supply chain for FDI firms to boost support industry is among ideas to promote the role of SMEs in the industry’s growth that was given in a recent conference in Ho Chi Minh City.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA) 
