According to the Department of Industry (Ministry of Industry and Trade), the situation of dependence on raw materials not only affects production development and economic growth in the short term, but will also continue to affect the industry. in particular and Vietnam’s economy in general in the long run. “Developing supporting industry step by step to be self-sufficient in domestic raw materials and components is one of the core issues for the sustainable development of Vietnam’s industry”, the representative of the Department of Industry stated in detail.
On that basis, it is necessary to improve the capacity of supporting industry enterprises, a prerequisite is to have a developed domestic processing and manufacturing industry. From there, opening up market opportunities for supporting industry enterprises to become suppliers and participate in the supply chain of enterprises producing and assembling final products. In addition, the State also needs to actively expand foreign markets for supporting industry enterprises, along with receiving technical processes and production skills from abroad to improve production capacity.
In addition, the representative of the Department of Industry also mentioned the factors that create opportunities for the formation and development of domestic value chains, through effective investment attraction and promotion of business connections and linkages between enterprises. DN) Vietnam with multinational enterprises, domestic and foreign manufacturing and assembly companies. In which, building concentrated supporting industry zones to create clusters of industry linkages; develop material industries to increase autonomy in input materials for production, reduce dependence on imported sources, thereby improving added value and competitiveness of products and enterprises. Vietnam in the global value chain.
