Forming supporting industrial complexes:

The formation of industrial complexes (Techno Parks) is expected to meet the needs of domestic and foreign enterprises, increase the localization rate, thereby participating more effectively in the international production chain.

Assembling industrial machines at Precision Mechanical Engineering and Technology Transfer Joint Stock Company, Phu Nghia Industrial Park (Phu Nghia commune). *Photo: Nguyen Quang*

Increasingly strong integration capacity

Hanoi City currently has more than 900 supporting industrial enterprises, with more than 320 enterprises having production systems and products that meet international standards, capable of supplying to the production networks of multinational corporations in Vietnam, in the region and in the world . In particular, enterprises producing components and spare parts are still the key group, providing supporting industrial products for most key manufacturing industries, such as automobile and motorbike manufacturing, mechanical engineering, electricity and electronics. Many supporting industrial sectors and fields have a high localization rate, creating a competitive advantage over imported products.

Chairman of the Hanoi Association of Supporting Industry Enterprises, Chairman of the Board of Directors of N&G Group Nguyen Hoang said that Vietnam's supporting industry is facing unprecedented development opportunities. Not only growing in quantity, many enterprises are also upgrading their technology. Many units have cooperated with Japanese partners and foreign-invested enterprises (FDI) to produce high-tech components, including aerospace components, for export to the US and many international markets, affirming the increasingly strong integration capacity.

“Many preferential policies on land, infrastructure, technology support and human resource training are being applied, creating favorable conditions for businesses to participate deeply in the global supply chain,” Mr. Nguyen Hoang informed.

In particular, the first phase of construction of the Nam Ha Noi Supporting Industrial Park - the first industrial park in Vietnam specializing in developing high-tech supporting industries has been completed and 100% occupied. In particular, investors from Japan, Taiwan (China), Korea and Vietnam have jointly implemented projects with high-standard factories.

However, supporting industry enterprises in Vietnam still face many barriers. Capital is still a major bottleneck. Accordingly, Vietnamese supporting industry enterprises are facing loan interest rates twice as high as those in ASEAN countries such as Thailand, Malaysia, and Indonesia, limiting the competitiveness of Vietnamese products in the international market.

Elevating Vietnam's supporting industry

In the context of global geopolitical and technological fluctuations, Vietnam is gradually transforming from a "manufacturing factory" to a high-tech innovation center of the region, with electronics export turnover reaching 134.5 billion USD in 2024 and showing a strong growth trend in 2025, along with the presence of research and development centers such as Qualcomm, NVIDIA... In order to improve the competitiveness of Vietnamese supporting industry enterprises, the Government has just issued Decree No. 205/2025/ND-CP, dated July 14, 2025, amending and supplementing a number of articles of Decree No. 111/2015/ND-CP dated November 3, 2015 of the Government on supporting technology development, effective from September 1, 2025, to expand preferential policies for supporting industry development. The Decree is considered an important adjustment step, helping to unlock resources for domestic enterprises to participate more deeply in the global supply chain.

Specifically, supporting industry manufacturing enterprises can be supported up to 70% of the costs for market development activities such as trademark registration, exhibition participation, cooperation, etc. to become suppliers in the industrial chain. The field of technology transfer is also expanded with support up to 50% of the cost of investment in machinery and equipment and 70% of the cost of human resource training and improving operational capacity. Enterprises will be facilitated to access capital sources from the National Technology Innovation Fund, the National Science and Technology Development Fund, and high-tech support programs, etc.

On behalf of the Hanoi Association of Supporting Industry Enterprises, Mr. Nguyen Hoang said that in the coming time, the Association will deploy industrial complexes to meet the needs of the international production chain. These industrial complexes will be designed and built completely according to the orders of Vietnamese enterprises and international partners. The goal is to ensure products meet international standards, increase the localization rate and effectively participate in the global supply chain, especially towards the US market.

According to Mr. Nguyen Hoang, N&G Group is forming an industrial complex of cooperation between Vietnamese and Japanese enterprises. The Japanese Embassy is also particularly interested, sending official letters to Vietnamese agencies, including Hanoi City, to propose policies applicable to both Japanese and Vietnamese enterprises, such as: Access to new Japanese technology; use of existing preferential capital from the Japanese Government for Japanese enterprises; training of high-tech workers in the field of high technology and supporting industries. Along with solutions on infrastructure and factories meeting international standards, this will help Vietnamese enterprises cooperate effectively with Japanese partners, and at the same time participate in the global production chain.

With the support of the Government and international standard infrastructure, Vietnamese supporting industry enterprises expect to be able to participate more deeply in the global supply chain, raising their position on the world industrial map.

Source: https://hanoimoi.vn/hinh-thanh-cac-to-hop-cong-nghiep-ho-tro-co-hoi-hoi-nhap-chuoi-cung-ung-toan-cau-717565.html