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Official Gazette

Friday, August 14, 2020
Tags: industrial policy
Nation needs comprehensive industrial policy framework: Party official Nation needs comprehensive industrial policy framework: Party official
Vietnam needs to develop a comprehensive industrial policy framework to promote and improve the quality of national industrialization and modernization during the 2016-25 period, said Party economic official.
Vietnam to renew growth model for higher productivity and competitiveness Vietnam to renew growth model for higher productivity and competitiveness
Party General Secretary Nguyen Phu Trong signed Resolution No 05-NQ/TW during the fourth plenum of the XIIth Party Central Committee, which reaffirms the country’s resolve to pursue fast and sustainable comprehensive development in economic, social and environmental aspects.
Is TPP a game changer for the Vietnamese textile and clothing industry? Is TPP a game changer for the Vietnamese textile and clothing industry?
Following the launch of a transition process from a planned to a market economy in 1986, the textile and clothing industry was one of the first industrial sectors to establish itself and start growing. It is a trend that has continued until today, and one that was given an extra boost following accession to the World Trade Organization (WTO) in 2007. The textile and clothing industry receives a great deal of support from the Vietnamese government: ambitious plans were drawn up to develop the sector further. Although the figures vary, it is estimated that 2.5 million people are employed in this sector, with most of the workers being women. The Vietnamese Textile and Apparel Association (VITAS) recently estimated that the sector comprises a total of more than 5,000 companies, of which approximately 4,500 are sewing rooms, 500 weaving mills and 100 spinning mills. Currently, textile and apparel account for 13.6 percent of Vietnam’s total export value; accordingly the sector ranks second only to electronic products in terms of net proceeds.
How to spur economic growth with enhanced foreign-local enterprise linkage discussed How to spur economic growth with enhanced foreign-local enterprise linkage discussed
At a workshop titled “Creating new growth momentum: strengthening FDI-local enterprise linkages” held late last month, Professor Tran Tho Dat from the National Economic University (NEU) assessed that the economic growth obtained by the country could no longer depend on cheap labor cost, land and natural resources.

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