Hanoi, Aug. 19 -- Raising localisation rates in Vietnam's supporting industries is seen as crucial to reducing import dependence, enhancing competitiveness, and laying a firm foundation for industrial growth.

Backbone of manufacturing sectors

According to the Ministry of Industry and Trade (MoIT), supporting industries serve as the backbone of major manufacturing sectors by supplying components, parts and technical processes. With strong policy backing from the Government and MoIT in recent years, the sector has recorded encouraging progress.

Yet, challenges remain. Despite policy focus on textiles, footwear, electronics, autos, machinery, hi-tech products, materials and metallurgy, most industries continue to face hurdles. Experts poi...