Supply industry needs to tap the global chainVietNamNet Bridge – Technological and financial limitations are major development constraints for the local supply industry, Bui Quang Chuyen, Chairman of the Viet Nam Engine and Agricultural Machinery Corporation (VEAM), tells VietnamPlus. The supply industry has progressed, but not yet caught up with the country’s development demands. In addition, many localities do not have policies to encourage businesses to invest in the supply industry. For instance, there is no import tax refund on materials and fuels used to make agricultural machinery and other supply industry items. VEAM currently has three companies in the supply industry; Machinery Spare parts No.1, Pho Yen Mechanical JSC and Song Cong Diesel Company.

Source: VietNamNet News February 11, 2017 00:33 UTC