Over 150 firms offering business support services promised for 2021 – 2025 period

By DA NANG Today / DA NANG Today
November 18, 2020, 19:56 [GMT+7]

Da Nang businesses have been briefed on the most outstanding features of the municipal government-approved mater plans for driving the growth of the support services sector by 2030, with a vision to 2045.

The publicity of the plans was made at the Tuesday seminar held by the city’s Union of Science and Technology Associations and the Da Nang chapter of the Viet Nam Association of Mechanical Industry Mechanical Association.

It is known that Da Nang now houses about 110 companies offering business support services, accounting for about 6.3% of the total number of Da Nang’s industrial manufacturers. In details, 29 of them are foreign-invested companies, accounting for a quarter of Da Nang’s total providers of industrial services.

With regard to new targets set for the 2020 – 2030 period, with a vision to 2045, supportive companies will grow up in terms of number and capacity, showing off even more highly-competitive industrial products in hi-tech, electronics - telecommunications, automobile production – assembly and key engineering.

In more details, the 2021 – 2025 period will see a combined total of more than 150 businesses involved in the support services sector, at least 10% of which will be fully capable of directly supplying their products to manufacturing and assembly companies operating in the city.

Also, the support services sector will account for about 30% of the added value of Da Nang’s processing and manufacturing sector, and at least one multinational corporation specialising in manufacturing finished goods will pour its money into the city.

Meanwhile, over the 2026 – 2030 period, there will be more than 300 providers of business support services in Da Nang, at least 15% of which can directly supply their products to the city-based manufacturing and assembly companies.

The support services sector will account for about 40% of the added value of Da Nang’s processing and manufacturing sector.

By 2045, focus will be on attracting multinational corporations to seek investment chances in the city, increasing the proportion made by the support services sector in the value-added structure of Da Nang’s processing and manufacturing sector.

Also, supportive company numbers deeply penetrating in the production and supply networks of multinational corporations and global value chains will be promoted.

Also at the Tuesday event, the participant businesspeople were introduced to the major details of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU–Viet Nam Free Trade Agreement (EVFTA), plus referential support policies on taxes, customs, scientific and technological innovation requirements.

By MAI QUE- Translated by A.T