Supporting Industries

The Hanoi Supporting Industry Fair is one of the city's activities to help businesses connect with foreign partners and expand markets.

The capital city supports VND150 million (US$6,434) per unit participating in international fairs and up to 50% of investment costs for technology innovation projects.

Efforts in strengthening supply chains through diversification, digitalization, and support industries will boost Japan’s investment in Vietnam.

As the political, economic and cultural center of the country, Hanoi has many advantages in developing supporting industries.

Low productivity and lack of high-quality manpower are issues that Vietnamese firms should work on to join the production chains of Japanese enterprises.

One third of such number would be able to take part in global supply chains of multinationals in Vietnam.

The Factory Network Business Expo (FBC Hanoi) 2020 will take place on October 28-29 and is expected to see the largest transaction volume and value.

The government has changed its development strategy for the automobile industry, given the fact that it’s not feasible to produce one entire car in Vietnam.

Samsung plays a significant role in promoting the Vietnam – South Korea relations and the development of Vietnam’s manufacturing sector, stated Deputy Prime Minister Trinh Dinh Dung.

At full capacity, the industrial park could accommodate up to 2,000 enterprises and create 150,000 – 200,000 direct jobs.