FACTORS AFFECTING THE DEVELOPMENT OF SUPPORTING INDUSTRIES IN VINH PHUC PROVINCE, VIETNAM

In the context of deep integration, Vietnam’s transition from a low-income to a middle- and upper-middle-income country, based on strong linkages with FDI enterprises at the local economic level, is considered both a goal and a driving force. This new approach serves as a means to achieve industrialization and modernization while effectively attracting FDI, ensuring the sustainable development of local economies. Therefore, based on the current business operations of supporting industry enterprises in Vinh Phuc, Vietnam, the authors will develop an empirical model to analyze the factors affecting their business activities. This analysis proposes appropriate policy recommendations to support the development of Vietnam’s supporting industry enterprises.