Local supporting industry firms assisted to enter global value chains

12-Jul-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

SFS 2019, or the sourcing fair for supporting industries with buyers 2019, is scheduled to take place on September 11 and 12, and is expected to open up more opportunities for local supporting industry enterprises to deepen their integration with global value chains.

The HCM City Department of Industry and Trade will coordinate with the Saigon Hi-Tech Park management board and the HCM City Export Processing and Industrial Zones Authority to organise the event, according to the government news site Chinhphu.vn.

Nguyen Phuong Dong, deputy director of the HCM City Department of Industry and Trade, said that the event will help local manufacturers and supporting industry enterprises access domestic and foreign partners, improve their supply capacity and gradually participate in global value chains.

The event will also help small and medium supporting industry enterprises expand their operations, invest in new equipment and take part in the city’s investment promotion programmes.

According to Le Nguyen Duy Oanh, deputy director of the HCM City Centre of Supporting Industries Development, the event this year will include a conference to seek suppliers for supporting industries, a seminar on opportunities for supporting industries, a fieldtrip to enterprises’ factories and an exhibition of typical supporting industry products, among other things.

Some 20 foreign direct investment (FDI) enterprises and 100 supporting industry manufacturers will participate in SFS 2019.

According to the organisers, the event will focus on seeking suppliers in the electronics, automobile and mechanical engineering sectors. There will be one-on-one meetings between FDI firms and local supporting industry manufacturers.



Category: Business, Vietnam

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