Vietnam’s supporting sectors continue pushing forward despite the difficulties and extreme competitive pressure caused by a global pandemic and a variety of other geopolitical issues. Even during the COVID-19 pandemic, enterprises across Vietnam managed to trudge ahead, securing new orders for export and posting increases in purchase requests. Mold production for Tesla At the end of June, Nguyen Van Tri, general director of Lap Phuc Mechanical Company, took reporters to a tour of the company’s 10,000-square-meter factory in District 7, Ho Chi Minh City. According to Tri, Lap Phuc began investing heavily in machinery and production quality as part of a push to adapt to global supply chain shifts over the past two years. The company’s goal is to offer a cheaper alternative to Chinese enterprises. Lap Phuc is currently courting Tesla, General Motors, and GS Battery VietNam Co. Ltd as potential clients and is awaiting quality feedback on samples of manufacturing molds and … [Read more...] about Supporting sectors – a highlight of Vietnam’s quest toward self-reliant industry