The city has created investment stimulus programmes to help enterprises invest in modern machinery and equipment, expand production, and improve quality of products, among other benefits.

The production index of electronic goods for the first 10 months of the year increased by more than 17 per cent year-on-year, according to the HCM City Department of Industry and Trade.

The overall industrial production index (IIP) rose by 7.85 per cent.

The department attributed the growth to a stable consumption market and more investment in semiconductors, chip technology, and electronic boards.

Export turnover of computers, electronic products and components within the first 10 months reached $US7.94 billion, up 17.6 per cent year-on-year, accounting for more than 30 per cent of total export value excluding crude oil.

To compete with imports, enterprises in the field have invested in machinery and technology to produce products for supporting industries.

Lê Nguyễn Duy Oanh, deputy director of the city’s Centre for Supporting Industry Development, stressed the importance of encouraging supporting enterprises to be deeply involved in the supply chain of FDI enterprises.

The city has created investment stimulus programmes to help enterprises invest in modern machinery and equipment, expand production, and improve quality of products, among other benefits.

The city has also connected enterprises with banks to resolve capital access for the industrial sector in general and supporting industries in particular.

Enteprises in supporting industry have been encouraged to take part in courses that train labourers and enhance their competitive advantage in the market.

VITIC & VIA

19-11-2018
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