Tran Thi Phuong Lan, acting Director of Hanoi’s Department of Industry and Trade (Photo: hanoimoi.com.vn)

One of Hanoi’s most notable policies on developing auxiliary industries is the regulation of funding management and specific regulations on expenditures.

Issued in June 2020, the regulations help auxiliary industry enterprises connect with businesses in Asia and developed industries around the world, said Tran Thi Phuong Lan, acting Director of Hanoi’s Department of Industry and Trade.

“Hanoi promulgated Decision 11 to help businesses in auxiliary industries with infrastructure, brand development, applied technology, and participation in promotion programs at home and abroad access and connect with all business systems in Asia and the countries with advanced industries in the world such as G7, to develop the auxiliary industry for the capital city,” said Lan.

This year, Hanoi’s target is to have 920 corporations in support industries, 300 of them with international-standard production systems and products, which are able to take part in the global production network.

Hanoi expects auxiliary industries to provide 16% of the total value of the city’s processing and manufacturing sector and the development index of auxiliary industries to increase 11% annually.

To achieve those targets, Hanoi has proposed specific solutions, including helping enterprises become component suppliers for domestic and foreign customers; attracting foreign investment; helping enterprises set up management systems that meet the requirements of global production chains; supporting tech research, development, application, transfer, and innovation in producing components, spare parts, and materials; and building an information system and providing information about the development of the auxiliary industry.

Nguyen Van Phong, Deputy Director General of the Intech Group, said his company has provided a wide range of products in manufacturing, mechanics, automation, and technology.

“We’re confident we can provide a comprehensive solution for our customers. Intech has invested in a research and development center to turn out the best products and most optimal solutions for our customers,” said Phong, adding “Intech's system has strict quality control. This was confirmed by last year’s performance. Despite the COVID-19 pandemic, Intech exported a great many conveyor rollers to Japan, a demanding market, and mechanical engineering products to Australia and North America.”   

The opening ceremony of the 2022 Hanoi Auxiliary Industry Fair, an annual event since 2017, in late August (Photo: congthuong.vn)

The 2022 Hanoi Support Industry Fair, an annual event since 2017, took place in late August, with 250 booths representing companies from Japan, China, Thailand, Malaysia, and Vietnam.

Among the attendees were the Automobile and Motorcycle Parts Manufacturing - Hung Yen Company, the Vietnam HBT Precise Mechanical Company, the Panasonic Vietnam Company, the Vietnam SEIKO Technology Company, Mitsubishi Heavy Industries, the Yuwa Vietnam Company, and the NC Network Vietnam Company.

The products on display were of high quality and competitiveness such as components and spare parts and those serving high-tech industries.

According to Le Trung Hieu, CEO of the Hexagon MI Vietnam Company, a world leader in measurement and automation technology, “For 10 years we’ve been serving FDI enterprises including electronics and automobile corporations investing in Vietnam.”

“At this fair, Hexagon wanted to introduce our technology solutions to Vietnamese enterprises, contributing more to the development of the community of domestic supporting businesses,” Hieu told VOV.

This year Hanoi expects to start construction on more of the 43 industrial clusters that have received investment to provide thousands of hectares for enterprises to expand production in the next two years.