The strategy focuses on improving the production capacity of the six key electronics, agricultural machinery, agro and seafood processing, shipbuilding, environment, energy saving, and automobile production industries.
It aims to promote technology upgrades, raise labour expertise, and hone Vietnam’s industrial competitiveness on world markets.
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The areas prioritised for development will apply as much advanced clean technology as prevailing economic conditions allow. They are striving towards annual 20 percent increases in production value 30 percent of the industrial sector’s total.
Dr Nguyen Thi Tue Anh, head of the Central Institute for Economic Management (CIEM) Business Environment and Competitiveness Division, described the strategy as a bilateral consensus formalising partnerships in economics, trade, and investment.
She promised Vietnam will cultivate an attractive environment for state and private sector investment.
Both sides will be responsible for criteria formulation, monitoring, and assessment.
