HCM City actively supports development of key industrial products
Ho Chi Minh City’s authorities have implemented out support programmes for enterprises and key industrial products in a bid to further promote its industrial development in the next five years.
HCM City actively supports development of key industrial products. - Illustrative image (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City’sauthorities have implemented out support programmes for enterprises and key industrialproducts in a bid to further promote its industrial development in the nextfive years.
Accordingly, the municipal authorities will enhance trade promotions and marketdevelopment activities both at home and abroad in order to provide informationand introduce industrial products to businesses and investors.
Local industrial enterprises will be provided with funds to conduct marketsurveys and join domestic and foreign trade fairs.
Attention will be paid to developing human resources for key industries,including building and implementing training programmes for technicians, and researchingand supporting technical development for rubber and plastic industries.
Measures to stimulate investment such as introducing investment incentives,supporting production and make it easier for local businesses to access capitalsources, will be also implemented.
At the same time, the local authorities will also focus on reviewing andprioritizing the arrangement of land plots in industrial parks for rubber and plasticprojects.
A centre for research, development and manufacturing of hi-tech molds and highprecision molds to meet domestic and export demand, will be established.
Additionally, a “Made by Vietnam” programmme will be carried out to supportmechanical and automation businesses and products.
With these efforts, the local authorities expect to increase key industrialsectors’ contributions to the city’s grossregional domestic product (GRDP), and attract more capital flows from economicsectors at home and abroad.
The city aims to quickly and effectively develop food and foodstuff processing,and mechanical industries./.
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HCM City actively supports development of key industrial products. - Illustrative image (Photo: VNA) 
