Hanoi this year plans to implement six solutions to develop supporting industries, with the target of increasing its development index by over 11% annually.

One production line of Thaco company. Photo: THACO

These solutions include connecting and assisting companies to become suppliers to domestic and foreign clients, as well as attracting foreign investment in this field.

The enterprises are also supported in the application of management systems that meet the requirements of global production chains, and in research, development, application, transfer, and innovation of technology in the trial production of components, spare parts, raw materials, and materials. 

Besides, Hanoi will support the participation of local and foreign businesses in supporting industry fairs, which will take place in the capital city this year as well as the transfer of advanced and modern technology transfer, and the purchase of copyrights, patents, and software.

The city also supports VND150 million (US$6,434) per unit participating in international fairs and up to 50% of investment costs for technology innovation projects. 

Under the implementation plan of the supporting industry development program, the city targeted to have about 920 enterprises operating in the supporting industries in 2022.

Of which, there will be about 300 enterprises owning international-standard production systems and products, which are able of taking part in the global production network of multinational corporations in Vietnam.

The supporting industry is expected to account for about 16% of the total value of the capital city’s processing and manufacturing industries.