Hanoi (VNA) – The northern province ofVinh Phuc will mobilise different economic sectors to boost support industries.
Under a programme on support industry developmentfor 2021-2025 recently issued by the provincial People’s Committee, supportindustries will play a key role in industrial development in Vinh Phuc.
The locality will poured over 94.7 billion VND (4.17million USD) into the programme, of which 66 billion VND comes from the Statebudget, and the remainder is sourced from organisations and individuals.
Agencies will carry out solutions to spur supportindustries such as stepping up the communication work, organising exhibitions,and developing markets at home and abroad.
The province will roll out support policies inpersonnel training and the research, development, application and transfer ofproduction technologies, while developing a portal for support industries.
It has set the goal of having 70 enterpriseseligible to become first-tier and second-tier suppliers for manufacturers ofautomobile, motorcycle, electronic products and partially supply for large enterprisesor corporations or exports by 2030./.
Although the complicated developments of the COVID-19 pandemic made the number of newly-established businesses during January-September in Vinh Phuc not high, the amount of registered investment in the northern province increased significantly compared to the same period last year.
The northern province of Vinh Phuc attracted 32 domestic investment projects with 16.4 trillion VND (723.3 million USD) in total capital and 54 foreign-invested ones worth totaling 994 million USD as of October 2021, up 110.2 percent and 122.7 percent year-on-year, respectively.
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Illustrative image (Source: VNA) 
