The provincial People's Committee has just issued a program to develop support industry in Khanh Hoa province until 2025.
Textile - Garment industry, leather have an average growth rate of 2.77% /year. Illustrative picture.
Accordingly, the provincial People's Committee will spend VND 7,770 billion to implement the program to help supporting industry enterprises to access long-term loans with low interest rates to buy machinery, equipment and technologies for production of supporting industry products. In particular, the local budget is 5.820 billion VND; proposed fund from the Central supporting industry Program is VND 1.950 billion. Particularly for local fund, the province will integrate with other funding sources from other programs such as investment promotion, science and technology development fund, industrial promotion, trade promotion ...; at the same time mobilize funding sources outside the state budget to deploy the contents of the program.
The program also set specific goals for each industry of supporting industries such as: Mechanical engineering; Textile - leather; Electronic industry, electrical equipment; Industry sector supports high-tech industry. At the same time, build specific implementation contents such as: Connecting and helping supporting industrial enterprises in the province to become a supplier of products for domestic and foreign customers; promoting to attract foreign investors in supporting industry. Support about 10 enterprises in training to improve the quality of human resources to meet the requirements of supporting industrial products. Support for research, development, application of technology transfer and innovation in trial production of components, spare parts, raw materials and commodities. Building an information page, publishing publications to promoting support industry. Supporting establishment, enterprises apply management system to meet the requirements of global production chain in business administrative, production management...
Up to now, Khanh Hoa province has about 25 enterprises operating in supporting industries, total production value accounts for 4.4% of the total value of industrial production in the province. The total number of supporting industry workers accounts for about 9.5% of the total labor force in the industry. In particular, Textile - Garment industry, leather industry has an average growth rate of 2.77%/year, including enterprises engaged in producing zippers, sewing threads, buttons, yarns, woven fabrics, leather of shoes. Mechanical industries with small and medium enterprises produce metal and auxiliary components for shipbuilding industry. The power and electronic industry is small in scale and makes a small contribution and tends to decrease over the years. The difficulties of enterprises of supporting industries nowadays are lack of market information, difficulty in accessing land in the implementation of production and business investment projects; lack of skilled labor; lack of management skills; difficult to access consumer markets; difficult to access bank capital; lack of skilled labor and capital with low interest rates.
See the provincial people committee’s program here.