Vietnam approves support industry development program through 2035
The country aims to raise average localization rates in key industries to 40–45% and position itself among the top three ASEAN countries in industrial competitiveness.
Vietnam needs "breakthrough" policies for mechanical support
Deputy Prime Minister Bui Thanh Son stressed the importance of new solutions for tax incentives, land, credit, and attracting investment in the development of supporting industries.
Pivotal role of support industry
Attracting FDI offers Vietnam’s support industry a range of breakthrough opportunities to improve its position and standing.