When asked where Vietnamese enterprises would be in Rolls-Royce’s global production chain, a representative from the British group said Rolls-Royce was learning about experienced partners in the aviation sector in Vietnam.

VietNamNet Bridge - Samsung seems to take full advantage of its status as a big investor to claim unprecedented investment incentives.

VietNamNet Bridge - “Vietnam can produce PhDs. Why can’t it produce screws then?” Tran Quoc Tuan asked at a recent National Assembly session on policies to develop supporting industries.

Last year when Samsung Electronics announced plans to create a new US$3bn smartphone factory in the north-eastern province of Thai Nguyen, close to the capital city of Hanoi, many industry insiders were ecstatic.

HCM City banks urged to slash bad debt; New FDI approvals surge 67% in January; Vietnam companies dragged down by old technology; Banks speed up lending ahead of Tet; ANZ: Vietnam consumer confidence drops slightly

While Vietnamese ministries argue about policies on the development of the automobile industry, many auto manufacturers that once intended to invest in Vietnam have changed their mind and left the country.

VietNamNet Bridge – Though Vietnam still has cheap labor, its support industry remains undeveloped as it lacks capital and technologies, experts say.

Car imports skyrocket in 8 months; Vietnam ascends to largest fish supplier of Colombia; Many new projects added to coal development plan; PM instructs to cut half business starting, dissolving time; Debt support out of shrimp, tra fish farms’ reach

Hundreds of Vietnamese enterprises are anxious to organize production and make parts and accessories to provide to Samsung, now that the South Korean giant has stepped up its business in the country.

 Amata to pour US$530 mil into Vietnam; Ministry of Finance clamps down on beer consumption; Stock market yet to function as major fund raising channel; Vietnam-China trade surges in Jan-Aug;
August sees more business suspensions than start-ups

 VietNamNet Bridge – Vietnam is still determined to develop supporting industries to become more attractive to foreign investment, despite past failures.

Real estate starts to recover; Thai businesses seek franchise partners in Vietnam; Vietnam, RoK develop agricultural value chain; Supporting industries to be developed; SOEs make good move towards capital withdrawal

 VietNamNet Bridge - A series of large investors such as Toyota, Madaz and Ford have abandoned auto projects in Vietnam, or do not intend to invest more because of concerns about the underdeveloped support industries.

A lot of mistakes were made in the past, leading the failure of the plans on the development of many key industries. The supporting industries, therefore, cannot grow up.

 VietNamNet Bridge – At least two leading automobile manufacturers in the world have decided to cancel their development projects in Vietnam because of the weak supporting industries in the country.

Six industries including consumer electrics/electronics, food processing, ship building, agriculture machinery, environment and energy saving, automobile/car part manufacturing have been defined as the six key industries.

VietNamNet Bridge – Vietnam has vowed to develop supporting industries, but it still does not know what it should do to obtain that goal.

Making more car parts domestically to replace imports is the solution for automobile manufacturers to increase their competitiveness in the context of the low market demand.