Support industry firms face several challenges: Japanese expert
Vietnamese enterprises operating in the support industry, which account for 4.5 percent of the total number of enterprises operating in processing and manufacturing, are facing several challenges, according to Akutsu Michio, consultant of the Japan Association of International Business Consultants.
Hanoi (VNA) - Vietnamese enterprises operating in the support industry, which account for 4.5 percent of thetotal number of enterprises operating in processing and manufacturing, arefacing several challenges, according to Akutsu Michio, consultant ofthe Japan Association of InternationalBusiness Consultants.
Businesses specializing in supportindustry employ 8 percent of the industrial sector's workforce and contribute 900 trillion VND (39.5 billion USD) or 11 percent of theindustrial sector’s total revenue.
However, their productivity remain low, Michio said, suggesting the Vietnamese Government design policies and programmes to help the enterprises improve technical and production capacity.
He underlined the necessity for Vietnam to take measures to promote education,and financial policies to attract high skill human resources and help businesses access capital to invest in equipment.
The expert also emphasized that itis important for supporting enterprises to maintain supplychains, ensuring continuous supply of components for manufacturers.
Suppliers must pay attention tobuilding detailed plans in order to meet requirements of multinational corporations,Michio noted.
Vietnamese enterprises have manyopportunities to proಌvide products to assembling and manufacturing enterprisesabroad, thus furth꧟er expanding the country’s supporting industry in the future,he added./.
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Illustrative image (Photo: VNA) 
