The Vietnamese government has just approved a total investment of VND640-670 trillion (US$40.5 billion-US$42.4 billion) for industrial development in six regions of the country from now to 2010, according to State media.
About 5-6 per cent of the total sum will come from ODA capital, nearly 27 per cent from foreign direct investment, and the remainder from the State budget.
Vietnam plans to focus on hydropower development, agricultural and forestry product processing, mineral exploitation and processing, chemical, fertilizer, metallurgy, construction material production, and mechanical industry to serve agriculture and the processing industry in fourteen northern mountainous midland provinces. The aim is for the density of basic industries to account for 37-38 per cent of the total industrial production value in the region in 2010.
The country will develop its mechanical sector, thermal power, electronics, information and technology, and mineral exploitation and processing in fifteen Red River Delta and central northern provinces. This region will also continuously its develop garment, textile and footwear industries for export and agricultural, forestry, and aquatic product processing. The aim is that the density of basic industries will represent 46-47 per cent of the total industrial production value in the region in 2010, with the mechanical sector accounting for 27.5-28.5 per cent.
It targets agricultural, forestry, and seafood processing, petro-chemistry, shipbuilding, mechanical manufacturing, construction material, garment and textile, and footwear in ten central coastal provinces. This region will also develop electronics and IT to support other industries. In 2010, the density of basic industries is expected to hold 24-25 per cent of the region’s total industrial production value, in which the chemical sector will account for 19-20 per cent.
Vietnam will develop hydropower, agricultural and forestry processing, and mineral exploitation and processing, especially bauxite in four central highlands provinces. Vietnam wants to put Dak Nong Bauxite-Alumina Complex into operation for export.
Eight south eastern cities and provinces will develop oil and gas exploitation and processing industries, power, agricultural, forestry, and aquatic product processing, the mechanical sector, electronics, software industry, chemical, andpharmaceutical chemistry. This region will also focus on garment, textile and footwaer for export, hi-tech industries, and the production of hi-knowledge products and gradually reduce the density of labor-intensive sectors.
The country plans to develop agricultural, forestry, and aquatic product processing for export, gas-used industries, and mechanical sector to serve agriculture in 13 Mekong Delta provinces. The density of processing industries is expected to account for 56.6-57.6 per cent of the region’s total industrial production value in 2010.
Vietnam & World Economy, VNA
Vietnamese
