Wide open opportunities for supporting industries

Evaluating the current status of Vietnam's supporting industry, identifying opportunities and challenges of the global supply chain, and making recommendations to increase the localization rate and develop a sustainable supporting industry are the contents that businesses are interested in at the Exhibition - Forum on Supporting Industry and the Conference Connecting Supply and Demand in the Supply Chain 2025, which is being held in Binh Duong Ward, Ho Chi Minh City.

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The event attracted thousands of domestic and foreign enterprises, expected to open up new cooperation opportunities between domestic enterprises and FDI enterprises, connecting production units with industrial parks, and offering advanced technological solutions.

Mr. Vo Son Dien - Chairman of the Ho Chi Minh City Association of Supporting Industries said that this event is organized according to the "3 in 1" model. This is both an exhibition space for businesses to promote products and solutions to both domestic and FDI sectors, and a conference to connect supply and demand. Through this, suppliers have the opportunity to directly approach strategic buyers as well as businesses in the industrial park.

According to Mr. Dao The Son - Vice President of Tan Uyen Young Entrepreneurs Association, this is an important opportunity for members of the Young Entrepreneurs Association to strengthen connections and mutual understanding. The event opens up new cooperation opportunities, creating momentum for member businesses to seek opportunities to reach out to the international market.

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Businesses participating in the exhibition

Many new-generation free trade agreements and multinational corporations promoting supply chain diversification, investment shifting, and searching for high-quality suppliers, open up huge opportunities for Vietnamese enterprises.

Commenting on the market, Mr. Nguyen Ngoc Dang Khoa - SMC Precision Company, Ho Chi Minh City, said that Vietnamese enterprises are holding a great advantage in attracting orders from markets such as the US, UK, EU and the wave of production shift of Japanese enterprises from China to Vietnam. He believes that the coming time will be a favorable "golden time" for the domestic supply chain to break through and develop.

Sharing about solutions to improve competitiveness, Associate Professor Dr. Phan Dang Tuat - Chairman of the Vietnam Association of Supporting Industries, said that the Association has proposed joint initiatives such as "joint buying, joint selling". This model helps to maximize production capacity, minimize investment costs and create synergy for the business community.

Experts recommend that businesses should focus on investing in R&D activities and innovating machinery and equipment to improve product quality and value, meet domestic service requirements, replace imported goods and participate in the global supply chain.

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