The 4th International Exhibition on Supporting Industry and Manufacturing in Vietnam – VIMEXPO 2023 with the goal of “Connect for Develop” will officially return from November 15 to 17 at ICE Hanoi International Exhibition Center.
Industrial production in general and supporting industries in particular play a huge role in the development of the economy. With the attention and promotion of support on mechanisms and policies, Vietnam’s supporting industry has had clear effects.
Resolution 50 – NQ/TW of the Politburo on orientations for perfecting institutions, policies, improving the quality and efficiency of foreign investment cooperation until 2030 has set out the orientation to attract foreign investment. In particular, focusing on large-scale projects, there is a need for localization to promote the development of domestic supporting industries.
With certain economic and political advantages, Vietnam is becoming a promising destination to welcome this wave.
The fact that a series of leading enterprises choose Vietnam to invest in new production bases is giving the supporting industry great opportunities to develop and participate more deeply in the global value chain.
VIMEXPO opens up opportunities for supporting industry enterprises to become suppliers, participate in the supply chain of enterprises producing and assembling final products.
In order to promote the development of domestic supporting industries, economic experts said that it is necessary to strengthen the connection between foreign-invested enterprises and the domestic business sector. Because of the current reality, domestic enterprises are still quite reserved in approaching foreign-invested enterprises.
Some businesses only consider foreign-invested enterprises as competitive partners, but have not actively sought linkage opportunities from foreign enterprises.
Therefore, in order to promote the connection between these two business sectors, it is necessary to enhance the bridging role of the State in building appropriate linkage models, promoting the role and responsibility of foreign-invested enterprises in supporting and connecting with domestic enterprises.
Along with that, domestic enterprises themselves must have breakthroughs in source technology, high technology as well as improve the quality of human resources. Since then, there is enough force to closely link with foreign enterprises; become an important link in the global value chain.
According to Mr. Pham Tuan Anh – Deputy Director General of the Industry Department (Ministry of Industry and Trade), regarding the immediate solution, the Ministry of Industry and Trade has been promoting investment in domestic and foreign markets to find markets for supporting industry enterprises.
In the long run, the ministry will continue to advise the Government to promulgate policies to complete the mechanism to attract investment in the supporting industry sector to improve the localization rate in the country.
At the same time, forming supporting industrial zones and clusters with the appearance of leading enterprises and forming services for those industrial zones and clusters to develop a complete ecosystem, helping businesses feel secure to invest in this field.
Following the success of previous exhibitions, VIMEXPO 2023 directed by the Ministry of Industry and Trade will officially return from November 15 – 17 at ICE Hanoi International Exhibition Center.
The exhibition is expected to have an estimated scale of 7000m2, nearly 300 booths of about 250 domestic and international enterprises attending with about 15,000 visitors to visit and work directly.
Here enterprises will introduce products in 4 main groups: automobile manufacturing and assembly, electronics, high-tech industry, mechanical engineering and related industry groups.
The exhibition is an opportunity for Vietnam’s supporting industry to integrate and develop, a bridge for enterprises operating in the field of supporting industries at home and abroad to meet and exchange experiences.
Along with that, introducing products, expanding cooperation, accessing high-tech facilities, the world’s leading advanced supporting industry achievements to improve production capacity.
From there, opening up opportunities for supporting industry enterprises to become suppliers, participating in the supply chain of enterprises producing and assembling final products.
VIMEXPO 2023 with the goal of “Connect for develop” continues to affirm its role as the leading prestigious event of the supporting and manufacturing industry in Vietnam, a bridge to help Vietnam’s supporting industry enterprises step by step participate more deeply in the global production chain.
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