Gov’t rolls out goals, solutions for industrial production development in next decade
18:10 | 04/09/2020
VGP – The Government has issued an action plan to implement Resolution No. 23-NQ/TW dated March 22, 2018 of the Politburo member on the national industrial development policy until 2030 with a vision toward 2045.

Below are main contents of the action plan:

Goals:

By 2030, the industrial sector will make up over 40% of GDP, in which manufacturing and processing industries will account for 30% and manufacturing industry alone account for 20%.

The value proportion of high-tech products from manufacturing and processing industries will reach at least 45%.

The added value of industries will increase by over 8.5% annually on average, in which the growth rate of added value of manufacturing and processing will be 10%.

The average growth rate of labor productivity in the industrial sector will be 7.5%.

The Competitiveness Industrial Performance index will be among top three ASEAN countries.

The workforce in industrial and service sectors will surpass 70%.

Major solutions to realize above goals

The Government figures out the following major solutions to achieve the above goals:

(i) Redistribution of industrial production and industrial structure shift;

(ii) Introduction of policies for development of priority industries;

(iii) Introduction of policies to create favorable environment for the development of industries;

(iv) Introduction of policies for development of industrial businesses;

(v) Introduction of policies for development of workforce for industrial sector;

(vi) Introduction of policies on science and technoligy in favor of industrial development.

(vii) Introduction of policies on exploitation and use of natural resources;

(viii) Clarification of responsibilities of local authorities;

(ix) Improvement of effectiveness and efficiency of State management of industries.

Responsibilities of ministries

The Ministry of Industry and Trade is responsible for improving policies and regulations to spur the development of priority industries.

The Ministry of Agriculture and Rural Development is in charge of restructuring processing industries towards shifting to higher added value levels.

The Ministry of Construction is assigned to design mechanisms and policies for development of high-quality, energy-saving construction materials among others.

The Ministry of Planning and Investment is tasked to develop incentive policies for FDI projects as well as mechanisms and policies to increase the added values of domestic enterprises in the global value chain.

The ministry is also responsible for designing legal framework conducive for the development of industries and simplication of administrative procedures in the field of investment./.

By Kim Anh

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