Solutions to develop Vietnam’s supporting industry discussed

Prime Minister Nguyen Xuan Phuc chaired a conference in Hanoi on Wednesday on developing Vietnam's supporting industry.

The meeting gathered 300 delegates from ministries, departments, localities, associations, businesses and auxiliary industry entrepreneurs.

Deputy Prime Minister Trinh Dinh Dung said Vietnam now has more than 3,000 businesses in the auxiliary sector. 4.5% of them are in processing and manufacturing and employ more than 550,000 people.

Vietnam lacks enterprises capable of leading the industry's growth. Last year, although the supporting industry accounted for 90% of the net revenue of the economy, it contributed less than 15% of GDP, less than the average in other countries in the region.

Source: VOV5