Ho Chi Minh City offers many incentives to key industries

Monday, 2021-03-15 11:14:55
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Television production at the Samsung Electronics factory complex in Saigon Hi-tech Park (Photo: CTV)
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NDO - In order to develop businesses and key products in the city's industry in the 2021 - 2025 period, the People's Committee of Ho Chi Minh City has issued and implemented programmes to support businesses and potential key industrial products.

Accordingly, the municipal authorities will enhance trade promotions and market development activities both at home and abroad in order to provide information and introduce industrial products to businesses and investors.

Local industrial enterprises will be provided with funds to conduct market surveys and join domestic and foreign trade fairs.

Attention will be paid to developing human resources for key industries including building and implementing training programmes for technicians, and researching and supporting technical development for rubber and plastic industries.

Measures to stimulate investment, such as introducing investment incentives, supporting production and making it easier for local businesses to access capital sources, will be also implemented.

At the same time, the local authorities will also focus on reviewing and prioritizing the arrangement of land plots in industrial parks for rubber and plastic projects.

A centre for research, development and manufacturing of hi-tech molds and high precision molds to meet domestic and export demand, will be established.

Additionally, a “Made in Vietnam” programme will be implemented to support mechanical and automation businesses and products.