On June 19,
the Department of Industry (Vietnam Ministry of Industry and Trade) collaborated
with the International Financial Corporation (IFC) of the World Bank Group,
with funding from the Australian Department of Foreign Affairs and Trade (DFAT)
and the Swiss Federal Economic Office (SECO) organized the “Opening Ceremony of
the Database System of Vietnam’s processing, manufacturing and supporting
industries” and put the Supporting Industry Portal into operation.
This system is intended
to support the provision of adequate information about enterprises for
organizations and individuals wishing to search, connect and trade; It provides
foreign-invested enterprises (FDI enterprises) with an overview of production capacity,
supply capability, product quality and technology of Vietnamese manufacturing
enterprises, as the same time, enhancing connectivity between Vietnamese
enterprises and FDI enterprises and investors.
Supporting industries
are industries that produce raw materials, accessories, spare parts, and
semi-finished products to supply the manufacturing, processing and assembling
industry of finished products being production materials manufacturing or
consumer products.
Vietnam’s supporting
industry is growing and playing an important role in participating in the
global supply chain and value chain. Large foreign companies and corporations
have established many company manufacturing, processing and assembling
factories in Vietnam. In 2019, the whole country has 3,478 new projects, with a
total capital of nearly 31.8 billion USD; in which, processing and
manufacturing industry accounted for the highest proportion with a total
capital of 21.6 billion USD, accounting for 67.8% of total registered
investment capital. This demonstrates the expectation of FDI enterprises to
reduce transportation costs and risks, so it will create great opportunities
for domestic parts suppliers to develop production.
According to data on the
Enterprise Information Database system, Vietnam now has 500 enterprises in the
field of mechanical engineering, 347 enterprises in the field of automobiles,
750 enterprises in the field of electricity, 1,145 enterprises in the textile
sector and 910 enterprises in the footwear sector.
The database system of
manufacturing, processing and supporting industries is an important milestone
in addressing the need to establish a domestic B2B connection network with
foreign countries, helping enterprises and investors finding information
quickly, accurately, meeting the needs of investment connection, enhancing
cooperation opportunities between Vietnamese enterprises and FDI enterprises
and multinational corporations.
In the future, the
government will continue to support resources and finance to improve the qualifications
of the database system management staff, expand the data information of many
industries and continue to develop new features that allow enterprises to
create their own booths to introduce products, proceed to establish an
e-commerce platform for the processing, manufacturing and supporting
industries, help enterprises proactively approach and promote cooperation,
contribute to the development of Vietnam’s industry in the future.
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