Vietnam's supporting industries seek stronger domestic links
Hanoi, Oct. 13 -- Vietnam is seeking to strengthen links between foreign-invested enterprises and domestic suppliers to boost supporting industries and help local businesses move up the value chain. After nearly four decades of economic opening, Vietnam has made significant progress in attracting foreign direct investment (FDI). However, links between foreign-invested enterprises and domestic businesses remain limited. Many Vietnamese supporting-industry firms are still mainly involved in processing and assembly, while their capacity to supply components, develop technology and participate in higher-value segments of supply chains remains below potential. As global supply chains undergo major changes and environmental standards and digita...
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