Online seminar “Solving the challenge of developing Vietnam’s supporting industry”

The industry supporting Vietnam in recent years has developed but has not achieved as expected. When deep integration into the world economy, countless challenges are posing for the supporting industry in Vietnam when commitments in economic integration are increasingly carried out, global competition increases, protectionism come back. Industrial development supports one of the key factors to promote the internal force of the economy, determining the competitiveness of an economy.

Facing this topical issue, Vietnamnet newspaper discussed online “Solving challenges to develop Vietnam’s supporting industry”.

The seminar was attended by 3 guests: Mr. Pham Anh Tuan – Deputy Director of Industry Department, Associate Prof. Dr. Phan Dang Tuat and Dr. Nguyen Dinh Cung.

Sharing at the seminar, experts stated difficulties and challenges for enterprises participating in Vietnam Supporting Industry when the policy system to promote Supporting Industry is quite sufficient but not strong enough to promote push development of supporting industry enterprises such as tax, credit and land.

Participating in the global supply chain of General Electric Corporation since 2012, TOMECO is honored to be one of more than 300 Industrial Enterprises Supporting Vietnam to participate in the global production value chain that shared real experiences. “To work with a multinational corporation, businesses must achieve enterprise standards that meet their initial evaluation requirements such as factory conditions, technological equipment, employment factors dynamic, social responsibility. And product factors such as product quality, price and delivery schedule “.

As Dr. Nguyen Dinh Cung shared, in order to implement national support effectively, it is necessary to approach and support the “winners” for 300 Vietnamese enterprises to set foot in the global value chain. support, improve capacity to continue to be stronger.

Being supported by government policies in the future for businesses will be an important motivation for TOMECO to break even more in the future.