Sign up | Log in



Home  >>   Daily News  >>Vietnam>>Economy>>HCMC eyes boost for suppliers
NEW UPDATES Asean Affairs  21 January  2016  

 HCMC eyes boost for suppliers

The HCM City People's Committee is likely to approve a project to promote support industries next month, the "Viet Nam - Japan Supporting Industry Forum" heard the day before  yesterday.

Referring to the ‘Supporting Industry Development' project,' Nguyen Phuong Dong, deputy head of the city Industry and Trade Department, told the forum, "We will submit solutions and detailed plans to promote the industry soon."

The project will seek to analyse the status of supporting industries in the textile-garment, footwear-leather, electronics-IT, automobile manufacturing and assembling, mechanical fabrication, and hi-tech sectors, and seek the best producers for making products for them.

Department officials told the forum that a HCM City Supporting Industry Development Centre would be established to support the industries.

The Government had, in a decree last November, announced the latest incentives for supporting industries. The income tax rate is now 10 per cent for the first 15 years after initial waivers, import tax is waived on goods used to create fixed assets and the six supporting industries can pay value-added tax on revenues on a monthly, quarterly or yearly basis.

Yasuzumi Hirotaka, head of the HCM City office of the Japan External Trade Organisation (JETRO) told the forum: "The city should set up a fund to provide low-interest credit for companies in the supporting industries."

The city has set up a series of funds to support small- and medium-sized enterprises (SMEs), but most SMEs do not have assets to mortgage.

"The city also has a fund SMEs can borrow from without a mortgage if they have good projects," Dong said.

The Government has also mandate that SMEs in supporting industries can borrow up to 70 per cent of their capital on the basis of guarantees provided by the Credit Guarantee Fund for SMEs.

The city is earmarking a 200ha area exclusively for supporting industries at the Hiep Phuoc Industrial Park in Nha Be District.

In mid-March a meeting of supporting industry companies in Viet Nam, Japan and ASEAN will be held in HCM City. — VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           January 21 , 2016 Subsribe Now !
• HCMC eyes boost for suppliers Subcribe: Asean Affairs Global Magazine
• to harness power of SMEs for 2
• Brunei exports up 3.7% in Nov
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• ASEAN tourism meet set in Manila
Kingdom’s road infrastructure pressured by increased car sales
Asean Analysis                   January 8, 2016
• Asean Analysis January 8, 2016
Sunnylands Summit Provides Opportunity to Bolster U.S.-Southeast Asia Ties
Advertise Your Brand

Asean Stock Watch January 15, 2016
• Asean Stock Watch-January 15, 2016
The Biweekly Update
• The Biweekly Update January 8, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand