Hanoi needs more policies to develop supporting industry enterprises

Hanoi needs more policies to develop supporting industry enterprises Illustrative image.

(Photo: VNA) Illustrative image (Photo: VNA) – Hanoi’s firms operating in the supporting industry are developing strongly, reflected through the continuous increases in the number of businesses, their scale and quality. The city will attract foreign investment to this field and support the enterprises in applying management systems under the requirements of global production chains. According to experts, the industry play an extremely important role in the national industrial development, because the supply of materials, spare parts, and semi-finished takes place domestically to ensure the initiative for the industrial sectors, and avoid dependence on imports and fluctuations of the global economy. Its development increases the value added of industrial products and the ability to attract foreign direct investment, as well as establishes a system of small and medium enterprises,Therefore, they expect that in the coming time, the Government will submit to the National Assembly for promulgation the Law on Industrial Development which contains specific policies for the supporting industry to promote the development of Vietnamese enterprises. These policies can help them gain access to capital, science and technology, international trade, or participate in annual fairs and boost trade promotion through both online and offline channels. Hanoi capital city has around 900 enterprises involved in supporting industries, of which nearly 300 have products meeting international standards.

Full article in the link: https: https://en.vietnamplus.vn/hanoi-needs-more-policies-to-develop-supporting-industry-enterprises/239265.vnp