Province’s auxiliary industry makes efforts to develop effectively

Under the Prime Minister’s Decision No. 598/QD-TTg approving a restructuring plan for the industrial sector in the 2018-2020 period, with a vision to 2025, Binh Duong province has also focused on auxiliary industry development, creating a momentum for the evolution of the local industrial sector in the new period.

Great demand

According to statistics, Binh Duong province now has a total of more than 34,000 enterprises, including 374 ones operating in auxiliary industries. The province’s demand for auxiliary industries is very great.

Production of Punch Industry Manufacturing Vietnam Co.Ltd. at Ben Cat town-based My Phuoc 3 Industrial Park

Provincial Department of Industry and Trade (DoIT) said that the province’s auxiliary industry has reached considerable improvement in capacity, but the industry has also only met 40%-50%, 10%-20%, 15% and 5% of demand of garment-textile, automobile production, electronics-informatics-telecommunications, specialized electronics and high technologies…, respectively.

Le Van Tach, an engineer who used to work for Toyota Vietnam said that if having an appropriate policy to absorb enterprises in auxiliary industry for automobile manufacture, Binh Duong will be likely to become a huge automobile making center of the country…

Solutions for sustainable industrial development

Implementing provincial People’s Committee’s Decision No.2751/QD-UBND dated November 26, 2011 approving a project on the development orientation for auxiliary industries till 2020, many projects on auxiliary industry from the world’s great corporations, namely Kolon Corporation, CP Tetra Park Binh Duong Company of Singapore…have been carried out in the province.

According to Dinh The Hien, an economic expert, Binh Duong needs to set a policy on tax exemption for enterprises in auxiliary industry; form up a support fund for them…, thereby contributing to promoting the local auxiliary industry.

It is known that provincial DoIT has implemented many major projects, which will be the foundation for advising provincial People’s Committee in strengthening policies for the development of the local auxiliary sector. In the coming time, leaders of provincial DoIT will work with leaders of industries’ associations to grasp enterprises’ concrete demand. Based on this, provincial DoIT will team up with functional agencies to propose solutions to intensify win-win coherence between domestic enterprises and FDI ones.

The province is making efforts in auxiliary industry development, contributing to the local sustainable industrial development. With 20 years of industrial development, the province is proactive to welcome investors in auxiliary industry in order to bring the local industrial sector to a new height.

Reported by Phung Hieu-Translated by K.T

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