According to Prime Minister Decision No. 879/QD-TTg of June 9, promulgating a strategy for Vietnam’s industrial development through 2025 with a vision to 2035, Vietnam will prioritize the development of its processing, electronic-telecommunications and renewable energy industries.
By 2035, the industrial sector will focus on applying cutting-edge technology, turning out high-quality products up to international standards, and joining the global value chain.
Vietnam Engine and Agricultural Machinery’s spare part manufacture chain
__Photo: Trong Dat/VNA
Special attention will be paid to efficient use of energy, equal competitiveness in international integration, a pool of professionally skilled laborers who are proactive in conducting research and development, product designing and manufacture.
The country’s industrial production value is expected to record an annual growth of 12.5-13 percent by 2020; 11-12.5 percent, by 2025; and 10.5-11 percent, during the 2026-2035 period.
Industry and construction will account for 42-43 percent by 2020; 43-44 percent by 2025; and 40-41 percent by 2035 of the nation’s economic structure.
On the same day, the Prime Minister also ratified a master plan on Vietnam’s industrial development through 2020 with a vision to 2030.
Under the master plan, electronic and information technology will become an impetus for the development of other sectors. By 2020, information technology will make up 9-10 percent of the industrial sector and meet 65-70 percent of domestic demands.
Accordingly, the northern midland and mountainous region will develop mineral exploitation and processing; agriculture, forestry and fisheries processing, hydropower industry and metallurgy.
Mechanical engineering, metallurgy, chemicals, thermo-electricity, and hi-tech industry will be developed in the Red River delta.
The central coast will focus on production of construction materials, aquatic processing, shipbuilding, metallurgy and sea-borne transport while the Central Highlands will develop the processing of industrial plants, mineral exploitation and processing, and production of construction materials.
The southeastern region, including the southern key economic region, will develop mechanics industry, petroleum, petrochemical industry, chemicals, hi-tech industry and allied industries.
The Mekong River delta will pay attention to agro-fishery production for export and mechanical industry to serve agriculture and shipbuilding and repair of off-shore fishing vessels.-