Under a program on support industry development for 2021-2025 recently issued by the provincial People’s Committee, support industries will play a key role in industrial development in Vinh Phuc.

Honda Vietnam's motorcycle line production in Vinh Phuc

The locality will poured over 94.7 billion VND (4.17 million USD) into the program, of which 66 billion VND comes from the State budget, and the remainder is sourced from organisations and individuals.

Agencies will carry out solutions to spur support industries such as stepping up the communication work, organizing exhibitions, and developing markets at home and abroad.

The province will roll out support policies in personnel training and the research, development, application and transfer of production technologies, while developing a portal for support industries.

It has set the goal of having 70 enterprises eligible to become first-tier and second-tier suppliers for manufacturers of automobile, motorcycle, electronic products and partially supply for large enterprises or corporations or exports by 2030.

Source: VNA