Supporting industry anxiously awaits new law
Vietnamese experts are urging speedy drafting of a law to bolster the country’s supporting industry, which lags behind those of other industrialized states.
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Vietnamese experts are urging speedy drafting of a law to bolster the country’s supporting industry, which lags behind those of other industrialized states.
Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.
A newly-published report reviewing conditions for business lines under the purview of the Ministry of Industry and Trade (MoIT) has found that amendments of recent years have ensured conformity and consistency.
Enterprises and research units in the field of energy, especially in the electricity industry, have taken the lead in mastering advanced technologies, achieving practical results and ensuring energy security.
The industry and trade sector has been accelerating its digitalization in compliance with the government’s direction, focusing on information technology (IT) application and administrative reform through e-government development.