To achieve Hanoi's goal of becoming a modern, high-tech, and green industrial center by 2030, the supporting industries must develop strongly enough to participate deeply in the global value chain.
The resilience of the supporting industries
In 2025, the global economy continues to face many unpredictable fluctuations. In this context, Hanoi's target of increasing its GRDP growth from 6.5% to 8% in 2025 is a significant challenge. The city has implemented a series of solutions ranging from improving the business environment and developing infrastructure to enhancing human resources and supporting businesses in technological innovation. As a result, in the first eight months of the year, the industrial production index increased by 6.5%; export turnover reached US$13.8 billion, a 10.3% increase compared to the same period; and it attracted US$3.82 billion in foreign direct investment, 1.6 times higher than the same period in 2024.
These figures demonstrate the capital's resilience, but to sustain this growth momentum, supporting industries need a stronger impetus. The Hanoi Supporting Industry Development Program for the period 2020-2025, extending to 2030, identifies Hanoi as a modern, high-tech, and green industrial center. To achieve this, supporting industries must develop strongly enough to meet the requirements of deep integration into global value chains.
Currently, Hanoi has approximately 900 supporting industrial enterprises, of which more than 320 meet international standards and are capable of directly supplying multinational corporations. As a 100% domestically owned enterprise, IKYO Vietnam Engineering Co., Ltd. supplies products to both foreign-invested and Vietnamese businesses, such as Samsung, Foxconn, Molex, Hitachi, VinFast (Hai Phong factory), Viet Tiep Locks, Thang Long Mechanical Engineering, etc.
Also a 100% domestically owned enterprise, Hanoi Industrial and Commercial Investment Joint Stock Company (OSAKA SEIMITSU brand) currently derives 80% of its revenue from serving foreign direct investment (FDI) companies such as Honda, Piaggio, and other domestic businesses. The remaining 20% comes from exports to markets in the US, Japan, Canada, etc. In addition, the company is also the first supplier of automotive and motorcycle components to VinFast.
A bridge of cooperation, a driving force for breakthroughs.
In the first eight months of 2025, total registered foreign direct investment in Vietnam reached US$26.14 billion, a 27.3% increase compared to the same period last year. This included participation from many large global industrial corporations such as Samsung, LG, Canon, Honda, Toyota, Intel, etc. This result further reflects the confidence of foreign businesses in the investment environment in Vietnam.
A common characteristic of many foreign corporations investing in Vietnam is their desire to increase the localization rate and their willingness to implement policies that encourage supporting industrial enterprises to participate in the corporation's supply chain.
In the strategy for developing supporting industries, the Hanoi Supporting Industry Exhibition is always considered a key activity, playing a bridging role in trade between domestic and international businesses. This is a prestigious specialized event, part of the FBC ASEAN International Manufacturing Trade Fair.
According to Nguyen Kieu Oanh, Deputy Director of the Hanoi Department of Industry and Trade, over the past eight years, the fair has connected tens of thousands of buyers worldwide with domestic component and spare parts manufacturers, generating an estimated trade value of hundreds of millions of USD.
Following that success, this year the Hanoi People's Committee directed the Department of Industry and Trade to coordinate with relevant units to organize the Hanoi Supporting Industry Exhibition 2025. The exhibition attracted more than 500 booths from domestic and foreign businesses, including many large corporations from Japan, China, Thailand, Malaysia, etc. The exhibited products are highly competitive, meet international quality standards, and focus on key supporting industry sectors.
“Organizing the Hanoi Supporting Industries Exhibition 2025 not only has the significance of promoting trade but also contributes to concretizing the major orientations in the Central Committee's "Four Pillar Resolutions," including: Breakthroughs in the development of science, technology, innovation and national digital transformation; International integration in the new situation; Innovation in the construction and implementation of laws to meet the requirements of national development in the new era; and Development of the private economy,” Ms. Nguyen Kieu Oanh informed.
In particular, the presence of more than 20 major buyers such as Samsung, Panasonic, TOTO, Tiger Vietnam, Fujifilm, Foster Bac Ninh, etc., will open up opportunities for Vietnamese businesses to become important links in the global supply chain. This is the core value of the fair, aiming to create a genuine bridge between domestic businesses and international corporations, between potential and market, and between production and consumption.
Moreover, the fair also serves as a platform for businesses to showcase high-quality, competitive supporting industrial products, serving key sectors such as mechanics, electronic components, automotive parts, and high-tech equipment. This contributes to spreading the spirit of innovation, encouraging investment in green technology, and promoting sustainable development.
Yoichiro Nukui, President of the Tokyo Metal Stamping Association (Japan), assessed that Vietnam is one of the countries with a strong developing economy and increasing foreign direct investment. The demand for developing supporting industrial products in Vietnam is also very high. "The fair is a great opportunity for Vietnam to attract domestic and foreign investment into the supporting industries sector," Mr. Yoichiro Nukui affirmed.
Source: https://hanoimoi.vn/cong-nghiep-ho-tro-ha-noi-ket-noi-de-hoi-nhap-chuoi-cung-ung-toan-cau-716783.html
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