Vietnam has always proactively applied and responded to trade defence measures (TMFs) in international trade to prevent negative impacts of massive imports, unfair competition and protect domestic manufacturing industries.

Minister of Industry and Trade Nguyen Hong Dien has asked cities and provinces across the country to urgently complete projects and strategies for local industrial and commercial development to promptly integrate them in provincial and sectoral planning.

Vietnam is becoming more well-known for its supporting and manufacturing industries, especially as the world needs to diversify supply chains due to the impact of the COVID-19 pandemic.

Deputy Prime Minister Vu Duc Dam has signed a decision to issue a strategy for scientific-technological development and innovation until 2030.

Vietnam has advantages to develop a materials industry but has not developed in line with its potential, Tran Tuan Anh, Chairman of the Party Central Committee’s Economic Commission, said at a conference held on April 10 in Ho Chi Minh City.

After the European Union-Vietnam Free Trade Agreement (EVFTA) was adopted in the second quarter of this year, there was a wave of investment in key manufacturing industries in Vietnam and job opportunities for labourers.

Indonesia will issue larger tax breaks to cover 11 business sectors which are similar to the incentives given to manufacturing industries to help companies weather impacts from the COVID-19 pandemic.

An international Hardware and Hand Tools exhibition in Vietnam in 2017 is scheduled to take place from December 6-9 at the Saigon Exhibition and Convention Centre in Ho Chi Minh City.

The Mekong Delta province of Kien Giang licensed 24 projects, including three foreign direct investment (FDI) projects, with a combined registered capital of 40.31 trillion VND (1.77 billion USD), 3.6 times higher than the number of 2016.