Prime Minister Nguyen Tan Dung has stressed the need to revise theplanning strategy of the mechanical engineering industry, focusing onproducts serving the priority areas of farming, fishing, aquatic productprocessing and transport.
He made the call at a conferencein Hanoi on April 11 to review the implementation of the industry’sdevelopment strategy which was adopted in 2002.
The PM saidthe sector has failed to meet the target set by the strategy, notingthat it was able to meet only 32 percent of domestic demand in 2012,while the goal was 45-50 percent by 2010.
He instructedrelevant ministries and agencies to continue adjusting mechanisms andpolicies, particularly those relating to land, corporate income andvalue added taxes and credit, to facilitate the development of themechanical engineering sector.
Reports at the conferencesaid that the sector posted nearly 228 trillion VND (10.8 billion USD)in production value in 2012, a six-fold increase from that seen in 2000.The figure rose to over 251 trillion VND (11.9 billion USD) last year.
Its export revenue hit 12.1 billion USD and more than 13.1 billion USD in 2012 and 2013, respectively.
Deputy Minister of Industry and Trade Le Duong Quang noted that thesector has become able to manufacture hydraulic machinery forhydro-electric power plants, including big ones like the 2,400MW Son LaPlant. The motorbike industry also made great progress, not only meetingdomestic demand but also exporting 150,000 units each year. The localcontent rate in made-in-Vietnam motorbikes has reached 85-95 percent.
In addition, the mechanical engineering sector is able to makefull production chain for cement factories with yearly capacity of upto 800,000 tonnes, he said.
Participants suggested that moreenterprises other than State-owned companies are allowed to join thekey mechanical engineering development programme.
Meanwhile,mechanical engineering enterprises asked the Government to improvepolicies on bidding, tax incentives and credit access.-VNA
He made the call at a conferencein Hanoi on April 11 to review the implementation of the industry’sdevelopment strategy which was adopted in 2002.
The PM saidthe sector has failed to meet the target set by the strategy, notingthat it was able to meet only 32 percent of domestic demand in 2012,while the goal was 45-50 percent by 2010.
He instructedrelevant ministries and agencies to continue adjusting mechanisms andpolicies, particularly those relating to land, corporate income andvalue added taxes and credit, to facilitate the development of themechanical engineering sector.
Reports at the conferencesaid that the sector posted nearly 228 trillion VND (10.8 billion USD)in production value in 2012, a six-fold increase from that seen in 2000.The figure rose to over 251 trillion VND (11.9 billion USD) last year.
Its export revenue hit 12.1 billion USD and more than 13.1 billion USD in 2012 and 2013, respectively.
Deputy Minister of Industry and Trade Le Duong Quang noted that thesector has become able to manufacture hydraulic machinery forhydro-electric power plants, including big ones like the 2,400MW Son LaPlant. The motorbike industry also made great progress, not only meetingdomestic demand but also exporting 150,000 units each year. The localcontent rate in made-in-Vietnam motorbikes has reached 85-95 percent.
In addition, the mechanical engineering sector is able to makefull production chain for cement factories with yearly capacity of upto 800,000 tonnes, he said.
Participants suggested that moreenterprises other than State-owned companies are allowed to join thekey mechanical engineering development programme.
Meanwhile,mechanical engineering enterprises asked the Government to improvepolicies on bidding, tax incentives and credit access.-VNA
