News about supporting industry

In an interview, Dr. Bùi Quang Tuấn, former director of the Vietnam Institute of Economics, reviews the 2026 localisation and supplier development conference organised by Vingroup and VinFast, which drew nearly 1,000 businesses and signals an industrial ecosystem led by a flagship firm. He argues that this leadership gives Vietnamese suppliers room to upgrade technology, improve their position in global value chains and compete internationally. Long-term commitments such as 12 to 24-month volume forecasts and land-rent incentives help smaller firms feel confident about large investments. He points to three opportunities: market expansion through VinFast's production sites in several countries, technology upgrading, and wider spillover to other businesses.