Enterprises in Ho Chi Minh City were awarded certificates of merit for their outstanding contributions to the industry and trade in 2020 (Photo: Hoang Tuyet /Tin Tuc)

Honorees include high-tech molds of Lap Phuc Co., Ltd., mechanical and refrigeration accessories of the Vit Viet Company, and plastic and metal stamping molds of Duy Khanh Mechanical Co., Ltd.

Nguyen Van Tri, Director of Lap Phuc Co., Ltd., said, “This is a great encouragement for our business, to be recognized by the city and the Department of Industry and Trade for contributing to the development of support industries. HCM City has a lot of business support policies. Lap Phuc Company, like other businesses, wants all business-related procedures to be streamlined.”

The support industry in Ho Chi Minh City has a localization rate of 40%. The city has many support industry development policies, including stimulus programs and mobilizing businesses to participate in a supply chain for FDI enterprises. Ho Chi Minh City has given eight support industry projects stimulus capital of more than 30 billion USD.