An international conference promoting investment in Vietnam’s supporting industries took place in Hà Nội, attracting over 200 delegates from more than 25 embassies, international organisations, and foreign investors. Co-organised by Vietnamese and Japanese trade and investment agencies, the event highlighted Vietnam’s growing role as a strategic manufacturing hub amid global supply chain restructuring. Vietrade Director Vũ Bá Phú noted that around 1,700 FDI enterprises, or 40% of the sector, are operating in Vietnam’s supporting industries, especially in electronics, precision engineering, and electric vehicle parts. In 2024 alone, the country attracted over US$25.5 billion in FDI into manufacturing and processing, accounting for 67% of total FDI. Despite strong FDI presence, the local supply rate remains low: only 10% of domestic demand for components is met by local firms. Government policies aim to boost the sector through tax breaks, land incentives, concessional loans, and workforce training. With over 43,700 active FDI projects worth $519.5 billion, Vietnam continues to attract global attention. The conference underscored the need for deeper linkages between FDI and local firms to enhance competitiveness, promote technology transfer, and support Vietnam’s deeper integration into global value chains. Robust supporting industries are seen as key to sustainable industrial growth. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News