WHO IS VISA?
Vietnam Industry Support Alliance (VISA) is a non-profit organization established in July 2021. VISA was established with an aspiration - For a Mighty Vietnam in 2045 - For a Mighty Industry in 2030. Responding to the call from the Government in accordance with the Resolution of the 13th National Party Congress: Let’s realize Uncle Ho’s will for a powerful and glorious Vietnam, on par with the great powers of the five continents in 2045.
According to the General Statistics Office in 2019, Vietnam is in the Top 3 ASEAN countries attracting large FDI capital in the period 2011-2019 with an average capital growth rate of about 3.5%/year. Therefore, the demand for supplies of supporting industry products is very large. However, considering the value-added structure of Vietnam's export products, it is easy to see that value added from abroad still accounts for a large proportion, especially from China and Korea, while the rate of domestic value added is still low and has not changed significantly. This is also the driving force behind the birth of LM VISA.
PRINCIPLES OF OPERATION
Increase the localization rate in the industry
Vietnam Industry Support Alliance (VISA) is operating under the principles of providing specific solutions to promote connections of trade activities in the field of supporting industries in Vietnam, contributing to supply chain shifting and increasing localization rate.