14:01 | 29/05/2015 Industry
(VEN) - The southern province of Ba Ria-Vung Tau, which is already known for its promotion of support industries, is stepping up its campaign to attract investment into this sector to create momentum for the growth of other sectors.
Ba Ria-Vung Tau has paid attention to training human resources for support industries
Statistics from the Ba Ria-Vung Tau Department of Industry and Trade showed that the province has been so far home to 85 support industry projects valued at US$1.3 billion, including 55 foreign-invested projects totaling US$1.19 billion in capital and 30 domestic projects worth VND1.764 trillion. Apart from these, there are 250 production facilities operating mainly in the field of manufacturing mechanical products.
However, leaders of the province’s Department of Industry and Trade admitted that the province’s support industry suffered from limited production. Some support industry products were mainly manufactured and supplied by foreign-invested companies such as the Prime Asia Vietnam Co., Ltd, Sanfang Vietnam Co., Ltd and Anchor Fasteners Vietnam Co., Ltd. Meanwhile, domestic enterprises operate mainly in processing components to repair and replace broken accessories and parts.
To deal with the issue, Ba Ria-Vung Tau Province has drafted policies to develop the provincial support industries in 2015 with a concentration on engineering. The province has offered appropriate policies to encourage and support the development of this sector as a core in its economic development. To attract investors into the local support industry sector, the province has paid attention to training human resources and upgrading living conditions to draw more human resources into this sector.
According to the Ba Ria-Vung Tau support industry development plan, the province will focus its investment into engineering, including the manufacturing of spare parts for automobiles and motorbikes, household electronic devices and consumer products to serve domestic production, especially in the Southern Key Economic Zone. In addition to providing support for firms in the electricity and electronic sectors, the province targets also supplying components and parts for other industrial sectors. Meanwhile, the development of support industries in the chemical industry must be linked to the development planning of the province’s industrial sector and suit the demands of the Southern Key Economic Zone as well as the overall development strategy of the country. The province also encouraged the development of oil refinery technology with modern technologies to create competitive oil products, contributing to reducing oil imports and meeting increasing demand for chemical, plastic and synthetic rubber products from the domestic market.
Director of Ba Ria-Vung Tau Department of Industry and Trade Bui Thi Dung said, “The development of support industries will be the foundation for other industries and become a link of production networks of multi-national groups, the region, Southern Key Economic Zone, and the country./.”
By Bao Han