Under the plan, the municipal People’s Committee will roll out major tasks stated in a program on development of supporting industries in 2021.
Accordingly, Hanoi will help the enterprises in the support industry become suppliers for domestic and international clients, as well as attracting more foreign investment capital into the supporting industries.
The municipal authorities will support the enterprises in applying modern corporate governance to meet requirements of global supply chains, promoting R&D activities, technology transfer and upgrading new technologies in the production of new parts, materials and resources.
The plan sets the general goal of promoting the development of the supporting industry, and improving the capacity of local firms in the field.
Another objective is to enhance the supporting industries based on the city’s growth advantages and in line with the development orientation of its industrial sectors, focusing on three key fields, including manufacturing of parts and accessories, supporting industries for hi-tech industrial sectors and textile and footwear.
In 2021, Hanoi targets to have at least 900 local businesses operating in supporting industries, of these, 300 would own production network and products meeting the international standards and are capable of taking part in global supply chains of multinationals in Vietnam.
Industrial production value from the supporting industries is expected to account for 16% of the total value in Hanoi’s processing and manufacturing sector, while the development index of supporting industries would post an annual increase of 11%.