Recently, the Ministry of Industry and Trade officially announced Decisions 879/QD-TTg and 880/QD-TTg of the Prime Minister approving the strategy and master plan of Vietnam' industrial development to 2025, with a vision to 2030. Accordingly, the three sectors namely electronics and telecommunications; industrial processing and manufacturing and new energy development are the top priority for development in the future.
Vu Huy Hoang, Minister of Industry and Trade, said that for the first time, Vietnam has framed up a strategy and master plan of industrial development with specific orientations and directions, approved by the Prime Minister, to help the industry and trade sector to complete its assigned tasks and contribute to the industrialisation and modernisation of the country.
The content of the industry plan by 2025 indicates that the growth rate of industrial production value will reach from 12.5 to 13 percent per year by 2020 and from 11.0 to 12 percent per year from 2021 to 2030. The proportion of industry and construction of the GDP accounts for 42-43 percent by 2020 and for 43-45 percent by 2030.
By 2020, the proportion of industrial products and hi-tech products will reach 45 percent of GDP and by 2030, the proportion will be 90-92 percent and above 50 percent, respectively.
Vietnam's industrial development will be qualified with modern technology, reasonable structure, competitive features and capability of participating in global value chains in some specialised areas and meeting the basic requirements of the economy and exports.
By 2030, Vietnam's industrial sector will be developed with more advanced technology, international standardised quality, and in-depth involvement in the global value chain.
The strategy and master plan of industrial development include 7 solutions in capital, technology, human resources, market and product development, supporting industry, inter-regional cooperation and coordination for development, industrial promotion, and supports for the development of small and medium enterprises.
It is expected that 70-75 percent of funding for implementation of master plan is mobilised from the businesses (attracting FDI of approximately 33-34 percent) while the state budget will finance approximately 3-4 percent of total funding, mainly on infrastructure, human resource development, research, and scientific and technological innovation.
Apart from three industries selected for development priorities, others are of the supporting industry category, regarding electronics and computer science, and engineering and metallurgy, textiles, leather shoes and the industries to meet the domestic demand and increase exports.
Specifically, the mechanical and engineering industry: the development is directed towards the application of modern technology, environmental friendliness, and synchronous device with highly combined power consumption of raw materials and low energy. The growth of industrial production value of the engineering and metallurgical industries will reach 15-16 percent by 2020 and 14-15 percent by 2030.
Chemical industry: the development is directed towards the use of high and advanced technology to create good quality products, competitive prices, reduce waste and limit the toxic chemicals into the environment. The growth of industrial production value of the chemical industry will reach by 14-16 percent by 2020 and 11-13 percent by 2030.
The electronics and information technology industry: the industry will continue to develop the assembling chain of the electronics and information technology to meet the demands of manufacturing electronics products in the country and for export. The growth of industrial production value of this sector will be 17-18 percent by 2020 and 19-21 percent by 2030.
Textile and footwear industry: the development of the sector will develop towards specialisation and modernisation to create quantum leap in quality and quantity of products. The growth in industrial production value of the textile and footwear industry will be 10-12 percent by 2020 and 8-9 percent by 2030.
The processing industry of forestry, fisheries, food and beverage will be directed towards development of modern industry and gradually enhanced towards the competitiveness to actively integrate in the region and the world. Besides, there will be focus on building brand on the domestic and international markets.
One of the important issues emphasized is to encourage local business development, foreign investment as well as promote sustainable development of the non-state sectors. In addition, there will be focus on developing small and medium enterprises. The development of industrial human resources is key to determine the success of industrialization, modernization and development of industry based on the standards for the environment and green technology after 2020. At the same time, the development large-scale materials for the processing industry will be also put on priority.
In addition, the Decision also clarifies a number of development orientations towards manufacturing industries such as building materials, mining and mineral processing, electricity, coal, oil and gas.
The Decision also specifies the planning based on the territory. Specifically, it focuses on developing the midlands and northern mountains, Red River Delta, Central Coast, the Central Highlands, Southeast and Mekong River Delta.
Huong Ly
Vietnamese
