Vietnam’s Supporting Industry: New Expectations in 2024

According to economic experts, the wave of foreign direct investment (FDI) into Vietnam has never been as strong as it is today. In the face of the strong wave of shifting production investment and diversifying the global supply chain, Vietnam continues to be chosen as one of the priority destinations for investment and finding suppliers by many foreign manufacturers. This is a great opportunity for Vietnamese suppliers and supporting enterprises. In addition to efforts to improve production and increase capacity, to participate in the international supply chain, domestic supporting industry enterprises need to proactively connect and cooperate with each other to develop a competitive supply chain. Because end-user manufacturers are tending to require domestic suppliers to complete the entire multi-component component chain instead of just stopping at individual components as before. On January 17, 2024, Deputy Prime Minister Tran Hong Ha signed Decision No. 71/QD-TTg amending and supplementing a number of articles of Decision No. 68/QD-TTg dated January 18, 2017 approving the Supporting Industry Development Program from 2016 to 2025. Accordingly, from 2021 to 2025, the Supporting Industry Development Program will connect and support supporting industry enterprises to become product suppliers for domestic and foreign customers, promoting foreign investment in the supporting industry sector. From here, businesses will be supported to apply new management systems, new technologies, develop standards, quality control regulations, train human resources, etc.

VIMEXPO Exhibition is the only specialized event in Vietnam under the Supporting Industry Development Program approved by the Prime Minister, directed by the Ministry of Industry and Trade, chaired by the Center for Industrial Development Support – Department of Industry – Ministry of Industry and Trade. Following the success of previous exhibitions, the 5th International Exhibition on Supporting Industry and Manufacturing Processing – VIMEXPO 2024 will officially return from October 17 to 19, 2024 at the International Exhibition Center I.C.E Hanoi.

VIMEXPO 2024 Exhibition with the goal of “Connecting for development”, through 4 times of organization, has been evaluated and affirmed by businesses as an important program to enhance the image, a bridge for businesses operating in the supporting industry and manufacturing processing at home and abroad to meet and exchange experiences, introduce products, expand cooperation, access high-tech equipment, the world’s leading advanced supporting industry achievements to improve production capacity and expand the market. From there, it opens up opportunities for Vietnamese supporting industry enterprises to become suppliers, contributing to promoting the process of bringing Vietnam deeper into the global supply chain.

VIMEXPO 2024 with 7,000 m2 of exhibition area, expects to receive the participation of nearly 300 domestic and international enterprises in the fields of: Automobile manufacturing and assembly industry; Industry, high technology; Electronics industry; Mechanical engineering and related fields. Up to now, the Exhibition has attracted the attention of enterprises and typical enterprises in the Supporting Industry and Manufacturing Processing industry domestically and internationally, participating in the program: TOYOTA Vietnam, Hyundai, Vietnami, Osaka, Azuma, Thien Hop, Truong Thinh, Nanotech,..

VIMEXPO 2024 Exhibition with the goal of “Connecting for Development” continues to affirm its role as the leading prestigious event of the Supporting Industry and Manufacturing Processing industry in Vietnam. During the 3 opening days, the exhibition is expected to attract about 15,000 visitors to visit and work directly.

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