Vietnam has approved a new national program to strengthen its supporting industries, aiming to boost localization, enhance industrial competitiveness, and deepen integration into global supply chains.
The Supporting Industry Development Program for 2026–2035 seeks to help domestic firms gradually master the production of raw materials, components, and industrial inputs while strengthening linkages between Vietnamese companies and foreign-invested enterprises (FDI).
Under the program, by 2030, Vietnam aims to raise average localization rates in key industries to 40–45% and position itself among the top three ASEAN countries in industrial competitiveness.
Priority sectors include smart electronics, energy equipment, railways, automotive manufacturing, mechanical engineering and automation, high-tech industries, textiles, and footwear, with a strong focus on green industrial development.
Specific localization targets by 2030 include 25–30% for electronics, 40% for mechanical engineering, 22–30% for automotive manufacturing, 60% for textiles, and 60–65% for footwear.
By 2035, Vietnam aims to adopt more advanced technologies and meet international standards, enabling deeper participation in global value chains.
The program also plans to support 900 enterprises through management consulting and assist 120 companies in research, development, and pilot production, with at least half expected to successfully implement new technologies.
