Ministry mulls incentives for 49 items in supporting industries
Strong incentives will be offered to those companies producing 49 selected items tentatively listed by the Ministry of Industry and Trade as key products in the supporting industries.
The Hanoitimes - Strong incentives will be offered to those companies producing 49 selected items tentatively listed by the Ministry of Industry and Trade as key products in the supporting industries.
The Ministry on Wednesday had a working session with related agencies in a bid to implement Decision No 12/2011/QD-TTg dated February 24, which was issued by the Prime Minister with an aim to encourage development of supporting industries.
At the working session, the Heavy Industry Department under the ministry put forth the tentative list that covers 49 product items in six different industries, comprised of mechanics, electronics and informatics, auto assembling, apparel, footwear and high-tech industry.
The draft list is expected to focus incentives on certain supporting industries effectively, said director of the department Nguyen Manh Quan.
According to the decision, incentives and preferential treatment is given to those producing materials, parts, components and semi-finished products for such industries.
To be subject to the incentives, products must have high adaptability, can be produced en masse, and must be are made from local materials.
Those producing the selected items will be given priority to receive land incentives, tariffs, financial support and other assistance like design copyright, software, hiring foreign experts, transferring technology and labor training.
According to the ministry, the priority list of items will be completed this month and submitted for the Prime Minister’s approval. When implementing the regulation, the list will be updated and supplemented where necessary.
15:52, 2024/11/07
Hanoi DigiTech 2024 connects businesses through digital products
The expo offers companies a chance to showcase their tech products and services while seeking strategic partners in e-commerce and digital technology.
14:56, 2024/11/07
Hanoi steps up investment promotion
Hanoi will continue promotion efforts with trade and tourism initiatives to achieve its investment attraction strategies.
15:17, 2024/11/04
Hiring multitaskers: Priority for Hanoi companies
Several sectors experience increased hiring demand in the remaining months of 2024
18:17, 2024/11/03
Hanoi seeks partnerships to build skilled workforce for digital transformation
Vocational training institutions play important roles in developing a quality workforce prepared for large companies.
18:35, 2024/10/30
Hanoi to host Vietnam-Asia Smart City Summit 2024
The summit aims to share best practices and promote cooperation among Vietnam's provinces and cities in building and developing smart cities.
15:53, 2024/10/29
Vietnamese spend $8.9 billion on ecommerce
The total transaction volume in the Jan-Sep period increased by 37.7% compared to the same period last year.
- Hanoi steps up inspections to crack down on unsafe food
- SEMIEXPO Vietnam 2024 to foster growth of semiconductor industry
- Hanoi targets double-digit growth over next decade
- Hanoi's industrial production shows positive growth
- Hanoi launches Vietnamese Fashion Product Brand Festival 2024
- Exhibition promotes Hanoi's key industrial products