Associate Prof. Dr. Phan Đăng Tuất, Chairman of VASI, argues that Vietnam needs a mechanism for large corporations to place orders with domestic supporting industry enterprises, building a production ecosystem worth tens of billions of USD. Manufacturing industry revenue in 2024 reached about 4.63 billion USD, a modest figure compared with textile and garment export value of 46 billion USD in 2025. He cites South Korea’s law “Large enterprises must not make small parts,” under which 1,400 components and parts had to be sourced from small firms, helping domestic industry grow rapidly. He proposes 5 recommendations: enacting a Law on Supporting Industries, developing material industry policies, supporting technology renewal and green transition, establishing a national fund, and issuing a new nationwide master plan for supporting industries.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: “8 chữ” giúp một con hổ châu Á vượt bẫy thu nhập trung bình ngoạn mục, thành nước giàu trước khi già, Việt Nam học được gì?
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