Vietnam Encourages Development of Supporting Industries

The Vietnamese government has just approved a package of policies on encouraging supporting industry development. Targeted industries include material, parts, half-finished product production for manufacturing finished capital goods or consumer goods.

 

Six main policies are: The State encourages and facilitates domestic and foreign organisations and individuals to invest in supporting industry development; market development policy, infrastructure development policy; science, technology and human resource training development policy; and information and finance provision policy.

 

In particular, the science, technology and human resource training development policy is of special concern. Investors will be supported to enhance technological capacity, technical expertise and personnel in accordance with Resolution 56/2009/ND-CP of the Government.

 

In addition, supporting industry projects will enjoy preferences of tariffs, soft loans and other financial assistance from the State.