City, Sept. 24 -- Foreign manufacturers who have factories in Vietnam are increasingly looking for local parts suppliers to optimise their production costs, according to the Centre for Supporting Industries Development in HCM City.

Le Nguyen Duy Oanh , its deputy director, said notable among them is the global cordless power equipment and floor care company, Techtronic Industries Co. Ltd. (TTI), which recently invested 650 million USD in the Saigon High-Tech Park and is looking for 200 local suppliers within a year.

It has so far identified around 50.

"The city Department of Industry and Trade is actively connecting supporting industry firms in the city and neighbouring provinces with TTI."

At the Sourcing Fair for Supporting Ind...