Deputy Prime Minister Trinh Dinh Dung at the event (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Trinh DinhDung on December 20 requested stepping up the implementation of the Vietnam’sindustrialisation strategy within the framework of the Vietnam – Japancooperation towards 2020 with a vision to 2030.
During a meeting of the steering committee for the strategyin Hanoi, Deputy PM Dung, who is also its head, lauded achievements over thepast seven years, saying that six prioritised sectors under the strategy,including agro-fisheries processing, electronics, automobiles and spare parts,environment industry and energy saving, shipbuilding, and farming machinery, havemade important contributions to Vietnam’s economy and industry in particular.
He said it has created a driving force for the supportindustry and made it easier for Vietnamese firms to join the global valuechain. However, he also admitted that breakthrough has yet to be made inautomobile manufacturing, shipbuilding and electronics, with low productivityand competitiveness.
Dung said it is a result of the lack of resourcemobilisation policy and limited workforce quality.
He took the occasion to urge ministries and agencies toattract further involvement of Japanese agencies and businesses in the effort.
The ministries of industry and trade, agriculture and ruraldevelopment, information and communications, and transport were assigned toreview the action plan to realise the strategy.
The Ministry of Planning and Investment was asked to workwith ministries and agencies concerned to draw and improve the efficiency ofinvestment in Vietnam, especially Japanese investment in prioritised sectors.
The Finance Ministry will build a preferential taxationpolicy and allocate budget for the effort.
The strategy was built under the auspices of the JapaneseEmbassy in Vietnam, the Japanese Ministry of Economy, Trade and Industry, theJapan International Cooperation Agency, and other Japanese agencies withconsultation from scientists and businesses.
Its aim is to promote technological adoption, enhance labouroutput and global competitiveness, and turn out high added-value products fordomestic and foreign consumption.
According to a report, foreign direct investment in the sixprioritised sectors accounted for 27 percent of the total registered capital inVietnam from 2013 to March 2019, with a focus on electronics, automobiles andenergy saving./.
During a meeting of the steering committee for the strategyin Hanoi, Deputy PM Dung, who is also its head, lauded achievements over thepast seven years, saying that six prioritised sectors under the strategy,including agro-fisheries processing, electronics, automobiles and spare parts,environment industry and energy saving, shipbuilding, and farming machinery, havemade important contributions to Vietnam’s economy and industry in particular.
He said it has created a driving force for the supportindustry and made it easier for Vietnamese firms to join the global valuechain. However, he also admitted that breakthrough has yet to be made inautomobile manufacturing, shipbuilding and electronics, with low productivityand competitiveness.
Dung said it is a result of the lack of resourcemobilisation policy and limited workforce quality.
He took the occasion to urge ministries and agencies toattract further involvement of Japanese agencies and businesses in the effort.
The ministries of industry and trade, agriculture and ruraldevelopment, information and communications, and transport were assigned toreview the action plan to realise the strategy.
The Ministry of Planning and Investment was asked to workwith ministries and agencies concerned to draw and improve the efficiency ofinvestment in Vietnam, especially Japanese investment in prioritised sectors.
The Finance Ministry will build a preferential taxationpolicy and allocate budget for the effort.
The strategy was built under the auspices of the JapaneseEmbassy in Vietnam, the Japanese Ministry of Economy, Trade and Industry, theJapan International Cooperation Agency, and other Japanese agencies withconsultation from scientists and businesses.
Its aim is to promote technological adoption, enhance labouroutput and global competitiveness, and turn out high added-value products fordomestic and foreign consumption.
According to a report, foreign direct investment in the sixprioritised sectors accounted for 27 percent of the total registered capital inVietnam from 2013 to March 2019, with a focus on electronics, automobiles andenergy saving./.
VNA
