Of the total, there will be about 300 - 350 firms with production systems and products with international standards and sufficient supply capacity serving participation in the global production network of multinational conglomerates in Vietnam.

Illustrative photo.

As a result, industrial production value of the industries is expected to account for some 16 - 17% of the capital city processing and manufacturing production value, with the development index of the industries exceeding 11-12%, an annual rise of about 1%.

To this end, the local authorities will hire experts for technical consultation, as well as assist firms in receiving technology transfer, conducting research and development activities, and applying management systems meeting global supply chains’ requirements, among others.

The city also planned a support industry expo this year with a scale of between 200 and 300 stalls, attracting the participation of international companies from Japan, Taiwan (China), Hong Kong (China), and Thailand.

Paper industry expects to maintain high growth momentum

The domestic paper industry has achieved good growth in the past five years and expects to maintain the momentum until 2025 driven by demand for tissue and packaging paper, according to the industry business group.

 

Tourism industry insiders urge govt to ease visa requirements

Tourism industry insiders called on the government to expand the list of countries qualified for visa waivers and prolong visa-free stays to 30 days to lure more visitors to Vietnam.

 

Cultural industry to contribute 10% of Hanoi’s GRDP by 2045

Hanoi aims to earn increasing revenue from cultural business, which are expected to contribute around 10% of the city’s Gross Regional Domestic Products (GRDP) by 2045, according to a plan newly introduced by the municipal People’s Committee.

 

Textile industry adapts to new development trends

The Hanoi Promotion Agency (HPA) organised a seminar on "Solutions to improve corporate governance in the textile and garment industry in the new context", on August 16.

 

Vietnam to become leader in global blockchain industry

With the boom in blockchain technology and speedy digital transformation, Vietnam has great potential for blockchain development to compete in the global market, speakers said at a recent seminar in HCM City.

 

Source: VNA