Saturday, August 30, 2025 8:26:19 AM - Markets open
VN-INDEX 1,682.21 +1.35/+0.08%
HNX-INDEX 279.98 +3.35/+1.21%
UPCOM-INDEX 111.00 +0.38/+0.34%
Vietnamese enterprises limited in global supply chain
Vietnamplus - 8/16/2022 2:56:46 PM
 (0 ratings. You must sign in to rate.)
 Vietnamese enterprises currently have limited participation in the global supply chain, and are not deeply involved in the value chain of multinational corporations in Vietnam.
 
Pham Tuan Anh, Deputy Director of the Industry Agency at the Ministry of Industry and Trade, said that Vietnam currently had about 5,000 processing and manufacturing enterprises engaged in providing spare parts for the automotive and mechanical industries.
 
In which 70% of enterprises supply domestic manufacturers, 8% supply exporters and 17% are involved in providing both.
 
Only about 30% of supporting industry enterprises have joined the global supply chain and value chain.
 
This linkage is loose for many reasons, the main one being the limited internal resources of the industry, said Anh.
 
Do Thi Thuy Huong, Vice President of the Vietnam Association for Supporting Industries, said that the specificity of the industry required capital and technology, which were two weaknesses of Vietnamese enterprises.
 
Besides, the linkage between enterprises in Vietnam is still limited and can be said to be weak. They have not fully been aware of the great benefits of linking into the domestic business community or between domestic and foreign enterprises.
 
Anh also acknowledged that Vietnam currently did not have a leading business in the industry.
 
The level of enterprises and the quality of human resources were still limited. Research and development work and new product development had not been paid attention and there was a lack of investment capital, said Anh.
 
Meanwhile, he added that the allocation of resources to implement policies to support the development of the supporting industry was still ineffective due to the overlapping conflicts of other laws.
 
“We must strengthen linkages between domestic enterprises, the FDI sector and the global market to take advantage of opportunities from free trade agreements from the fourth industrial revolution to bring industrial enterprises in the country to participate more deeply in the global value chain,” Anh told Cong Thuong (Industry and Trade) newspaper./.
VNA
 
Read original article here
 
Newer News
25/08 CMC OpenAI expects to serve Vietnamese with top-tier reliability, data security
25/08 VPS calls for extraordinary shareholder meeting amid market surge
20/08 Vinamilk milks top spot as world’s most promising dairy brand
15/08 SHB posts 59 per cent jump in Q2 profit, accelerating growth
04/08 Coteccons ends FY2025 with $1.3 billion backlog, 32% jump in construction projects
29/07 Private enterprises to be a driving force behind VN's brands
28/07 VIC: Vingroup seeks shareholder approval for business expansion
11/07 HPG: Hòa Phát reported 5 million tonnes in sales during first half of 2025
11/07 Nearly 1,500 household businesses converted into enterprises in six months
07/07 VJC: Vietjet appoints new managing director
Older News
16/08 UIC: Notice of transaction of related institution (IDICO Corporation - JSC)
16/08 PNJ: Report on result of transaction of internal person (Dang Hai Anh, Huynh Duc Huy)
16/08 TVS: Explanation for reviewed separate financial statements in six months of 2022
16/08 VSC: Holding EGM 2022
16/08 TVS: Explanation for reviewed consolidated financial statements in six months of 2022
16/08 SBT: Proposal to approve the plan for dividend payment in FY 2020-2021
16/08 SBT: Form of collecting shareholders' opinions in writing
16/08 SBT: Draft of Resolution of General Meeting of Shareholders
16/08 SBT: Collecting shareholders' opinions in writing
16/08 SBA: Dissolution of the Internal Audit team
 
Newsletter Signup
Top Stories
Banks focus on increasing charter capital in second half of year
From pioneer to leader: Việt Nam's stock market hits 25-year milestone
New tax plan could discourage stock investment: insiders
MoF proposes 20% tax on capital gains from securities and equity transfers
HNX halts new stock listings in exchange restructuring
Market Update
Last updated at 3:10:01 PM
VN-INDEX 1,682.21 +1.35/+0.08%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.