Supporting industry hoped to meet 65% of domestic demand by 2025

The Prime Minister has approved a programme on developing the supporting industry which is expected to meet 45 percent of the demand of domestic production by 2020 and 65 percent by 2025.
 

Producing fibre at the Dong Phat Joint Stock Company in Thach That Industrial Park, Quoc Oai district of Hanoi

The programme focuses on the supporting industry in the fields of components and spare parts, textiles-garment and footwear, and hi-tech industry.

It will prioritise the production of metal, plastic and rubber components and spare parts used for electrical and electronic products in a bid to satisfy 55 percent of the demand for domestic manufacturing.

Material production will be the focus of the supporting industry that serves textile-garment and footwear manufacturing, thus raising the rates of domestically-made  materials in these industries to 65 percent and 75-80 percent by 2020, respectively.

To support the hi-tech industry, focus will be put on the production of materials and specialised equipment, software and services.

The programme will facilitate the establishment of companies which provide specialised support equipment and machinery repair services. It will also encourage the formation of research, development and production systems for new materials while assisting technology transfer.

Source VNS