THE HANOI TIMES — The Hanoi Supporting Industry Fair 2025 gathered more than 500 domestic and international exhibitors at the Vietnam Exposition Center in Hanoi’s Dong Anh Commune.

On display are high-quality, competitive products across key supporting industries, including components, spare parts and technologies serving high-tech manufacturing sectors.

The fair features the participation of over 20 major buyers from Vietnam and abroad, both in-person and online, creating focused trade opportunities and paving the way for direct contracts and transactions.

Phan Dang Tuat, Chairman of the Vietnam Association for Supporting Industries, said that the fair is a trading and signing platform, giving local and international enterprises a chance to strengthen cooperation.

He noted that businesses will need more policy support and organizational models such as collective purchasing to reduce input costs to accelerate the development of supporting industries. More than 1,000 enterprises now have to purchase raw materials and supplies through small, fragmented orders, which drives up costs and reduces logistics efficiency.

“A collective purchasing model, as seen abroad, could cut costs and boost competitiveness,” the chairman said.

Tuat proposed that a non-profit organization in Hanoi take charge of purchasing raw materials and inputs for local companies.

According to Nguyen Kieu Oanh, Deputy Director of the Hanoi Department of Industry and Trade, this fair is an important event in Vietnam’s manufacturing and supporting sectors, part of the Factory Network Business Conference ASEAN 2025 (FBC ASEAN 2025).

Over the past eight years, the fair has connected tens of thousands of global buyers with domestic parts manufacturers through various channels and generated an estimated economic value of hundreds of millions of US dollars.

The fair reflects Hanoi’s determination to realize the Party’s four strategic breakthroughs on fostering science, technology and innovation, deepening economic integration, reforming institutions and developing the private sector, Oanh said.

Hanoi is home to some 900 supporting industry enterprises with a third of them meeting international standards, making thtem qualified as suppliers for global production networks of multinational corporations in Vietnam, the region and the world, she added.

Component and spare part production remains the core segment, supplying almost all major manufacturing sectors, from automobiles and motorbikes to mechanical engineering and electronics, the official said.

"In several sectors, high localization rates have given domestic products a competitive edge over imports," Oanh added.

The fair ran from September 17 to September 19.