More and more opportunities are opening up for the industrial sector in HCM City. (Photo: VNA)
HCM City (VNA) - A conference was held in Ho Chi Minh City on September13 to discuss the growing market opportunities for the city’s supportingindustries.
Pham LienAnh, a senior expert of the International Finance Corporation (IFC), said theIFC has been sponsoring a Vietnam Supplier Development Programme, which ishelping businesses improve their capability, move up the value chain and workwith more foreign and multinational companies.
Theprogramme was launched to keep existing FDI and attract new investors who havemodern technology, and provides a comprehensive evaluation of participatingbusinesses' operation and consultancy, she said.
Ngo BaoAnh, a representative of Panasonic Vietnam, said the company exports componentsfrom Vietnamese suppliers to its factories abroad, adding that it focuses oncompetitive suppliers who meet corporate responsibility requirements.
Jun Choi,country director of Coex, a Korean exhibition organiser, said there arenumerous business groups and centres that provide information which couldenable Vietnamese companies to network with businesses in Korea and elsewhere.
Nguyen PhuongDong, Deputy Director of the city’s Department of Industry and Trade, said amidthe benefits and challenges brought by free trade agreements, the city has alsobeen organising training sessions and networking opportunities for industries,including supporting industries sector.
It isalso seeking permission from the Government to build a new 300ha industrialpark.
It needsto develop the industrial sector to attract investment and its businesses needto be part of the supply chains of global companies./.
The Government has asked for drastic measures to review and choose suitable foreign-invested projects, while applying solutions to attract investment and technology transfer from world leading firms with environmentally friendly high technologies.
Vietnamese firms in the mechanical engineering outsourcing sector have low competitiveness when joining global supply chains largely due to their small scale, technological shortages, and low productivity.
The Sourcing Fair for Supporting Industry with Buyers that is underway in Ho Chi Minh City seeks to enhance supply chain linkages in supporting industries, enhance direct connections between foreign and other manufacturing firms and Vietnamese parts suppliers.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
More and more opportunities are opening up for the industrial sector in HCM City.
