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Sunday, June 16, 2024

NA deputy urges stronger development of supporting industries

By Truc Dao

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HCMC – A National Assembly (NA) deputy has proposed that the Government introduce more policies to boost the development of supporting industries, with a specific emphasis on the manufacturing sector.

At the ongoing sixth sitting of the NA on October 31, NA deputies discussed the country’s economic and social development plan. One of the key topics in these discussions is the promotion of supporting industries.

The deputy from Hung Yen Province suggested that the NA and the Government establish specific mechanisms and policies for the development of supporting industries, particularly the manufacturing industry.

He emphasized that it was important to encourage small and medium-sized enterprises in supporting industries to invest in technology and advanced equipment in their operations. Further, efforts are needed to aid human resource training in production management and business management systems.

Moreover, the authorities should establish specific mechanisms to prioritize investors and contractors using domestically manufactured mechanical products or placing orders for domestic businesses to produce, instead of relying on imports.

On the same day, deputies also discussed public investment, emphasizing the need for solutions to remove bottlenecks in public capital disbursement and land clearance.

It is necessary to review and evaluate the efficiency of public investment projects in order to timely prevent investments in ineffective or unnecessary projects, which can result in waste.

Deputies also recommended that the Government take swift action to tackle supply chain challenges in construction materials, maintain price stability, resolve issues in the execution of real estate projects, and support the real estate market.

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