Need for developing parts-supply industries

Heavy reliance: Workers walk past finished cars at an assembly plant in Haiphong. Vietnam remains largely dependent on the import of raw materials for production. — AFP

HANOI: The Covid-19 pandemic is highlighting the urgent need for promoting the development of parts-supply industries to enable enterprises to be more resilient to shocks or disruptions to global supply chains.

Vietnam’s parts-supply industries remained weak in terms of technology, management capacity and linkages with foreign direct investment companies, which became evident when the Covid-19 pandemic caused disruptions to global supply chains.