Part suppliers ask for more funding

A shortage of capital support for the part supplying industry is hindering the development of the sector, which is crucial for the country’s economic development, participants at a forum said. Financial expert Cấn Văn Lực said funds that supported small- and medium-sized enterprises, science and technology development and the part supplier industry must be used to enhance its operation efficiency. In addition, Lực said that commercial banks should have loan packages with preferential terms for part suppliers while the role of Việt Nam Development Bank should be promoted.

Keep reading