Rail support industries

Improved productivity, lower error rates According to the Vietnam Industry Agency under the Ministry of Industry and Trade (MoIT), the MoIT, the People's Committee of Hai Duong Province and Samsung Vietnam are implementing a February 2020 Memorandum of Understanding on improving production and quality of 15 local enterprises. Feedback from the business community points to improved productivity and reduced error rates. The program also helped change staff perceptions of the importance of meeting customer requirements not only in terms of price, quality, delivery but also in social responsibility through environmental protection and occupational safety. Improving capacity of supporting industry enterprises Another MOU between the MoIT, the People's Committee of Bac Ninh Province and Samsung Vietnam was also signed in 2020 on a six year sustainable development project for the local business community comprising enterprise improvement consultancy and supplier … [Read more...] about Coordination model proves effective in improving support industries

Illustrative image (Photo: VNA) Vinh Phuc (VNA) – The northern province of Vinh Phuc is adopting a number of mechanisms and policies to attract investment in the development of supporting industries, considering it as an important step to build a sustainable industry . Supporting industries in Vinh Phuc have created jobs for tens of thousands of workers with stable incomes. The average salary  for manual labourers in the industries is between 6 to 8 million VND per person per month while a technical or skilled worker earns up to 15 million VND per month. Vinh Phuc province has set the goal of having more than 50 enterprises engaged in supporting industries that are eligible to become first-tier and second-tier suppliers for large economic groups and at least 10 enterprises in the industry that meet international standards and participating in the global supply chains by 2025./. VNA … [Read more...] about Vinh Phuc province gives priority to supporting industry development

Supportive solutions for businesses need to be implemented faster and stronger to improve the capacity of businesses and increase linkage among them, according to experts. Many parts suppliers for automobile production want to have new investment but face large capital obstacles because collateral is unavailable after two years fighting COVID-19. —VNA/VNS Photo In the context of a pandemic-disrupted supply chain and political conflict, support from the Government and organisations for the linkage among businesses is significant. According to the Vietnam Association of Supporting Industries (VASI), to improve the capacity of Vietnamese enterprises, it is necessary to have supportive policies to reduce costs, easy access to credit and preferential interest rates for businesses in investment activities and production. There are also solutions for training and improvement of management. Many parts suppliers for motorcycle production want to have new investment … [Read more...] about Supportive solutions needed for enterprises

This year, Ha Giang Province will implement 11 industry promotion projects and two related tasks at a total cost of VND4.178 billion, including application of advanced machinery and equipment in tea processing, fine art and handicraft production, and garment and other consumer goods manufacture. Ha Giang Province’s industry promotion sector helps enterprises apply advanced machinery to tea production In 2021, with funding from the local industry promotion program, the Industry and Trade Promotion Center of Ha Giang Province helped the Tuan Bang trading and transport cooperative in the province’s Xin Man District procure three gas-based tea dryers, allowing the cooperative to dry 50 tonnes of green tea per year. The Coc Re trading and agro-forestry service cooperative in Xin Man District also received industry promotion funding as well as labeling and packaging design assistance for bee honey production. The support has helped the cooperative considerably improve its … [Read more...] about Ha Giang Province facilitates rural industrial production

An aircraft of Vietnam Airlines at Buôn Ma Thuột Airport in Đắk Lắk Province.— VNS Photo Thanh Hải Viet Nam needs policies to support and remove difficulties for domestic airlines to regain their growth momentum in the post-COVID recovery period, transport experts said yesterday. At the seminar "Restoring and developing Viet Nam's aviation industry in a new context" organised by Communist Review, in collaboration with the Ministry of Transport (MoT), experts said the air transport industry has been seriously affected and they urge the government to create the market and the development corridor as a key to return to the growth trajectory of the aviation industry. Dinh Viet Thang, director of the Civil Aviation Authority of Viet Nam (CAAV) said: “The COVID-19 pandemic has delayed the development of the aviation industry and caused negative consequences for units in the air transport chain, especially the national airline Vietnam Airlines.” He added Viet Nam's aviation market … [Read more...] about Aviation industry needs more financial help to recover

Mark Ratcliff, sustainability specialist at Except Integrated Sustainability Whether we acknowledge it or not, sustainability is and always has been our most important goal. Collectively, we have gotten away with pushing it aside for too long. We can no longer ignore it, but realizing sustainability beyond a marketing slogan is easier said than done. Many countries are falling behind, and without a systemic shift to a more long-term mindset, Vietnam will also flounder and fail to achieve its bold National Green Growth Strategy for 2021-2030. Nevertheless, things are not as gloomy as they seem. Except Integrated Sustainability, a Dutch consultancy and design firm, has initiated ViCo, Vietnam’s first sustainability community for innovation. It aims to bolster worldwide partnerships, enhance learning, and help with new joint business models to support the shift to sustainability and attract more funding. Vietnam is perfectly positioned to prosper and, with the support of ViCo, … [Read more...] about Supporting Vietnam’s strive for sustainability