The industry and trade industry has set a target that by 2030, there will be about 2,000 enterprises capable of supplying directly to assemblers and multinational corporations.

According to the report of the Ministry of Industry and Trade on the Project on restructuring the industry and trade sector in the period to 2030 sent to the Government, the growth rate of industrial value added reached an average of over 8.5%/year; The proportion of processing and manufacturing industry in GDP will reach about 30% by 2030.

Regarding industrial restructuring to harmoniously combine industrial development in both breadth and depth, focusing on developing in-depth, fully exploiting the achievements of the fourth industrial revolution and commercial advantages to create a breakthrough in improving productivity, quality, competitiveness, and domestic added value of products.

Striving for an average growth rate of industrial labor productivity of 7.5%/year, the index of industrial production (IIP) increases by an average of 8.5-9%/year.

The report also specifically stated, focusing on the complete development of the domestic industrial production system through upgrading and developing supply chains and value chains of industries.

Focusing on localization of supply chains of industries to reduce dependence on imported machinery, equipment, and raw materials and enhance autonomy, improve domestic added value and competitiveness of products, and the position of Vietnamese enterprises in the global value chain.

Intra-industry restructuring from resource- and labor-intensive industries to capital- and technology-intensive industries, green industries, and low-carbon industries; from low-value-added stages to high-value-added stages in global and regional value chains.

Striving to 2030, the proportion of the engineering and manufacturing industry in GDP is about 30% with an average growth rate of about 9-10 %/year; the proportion of the value of high-tech industrial products in the processing and manufacturing industries reached over 45%.

Develop core industries in order to construct a strong and modern national industry, secure self-sufficiency, meet the basic demands of the economy’s means of production and elevate the status of one of the world’s industrial production centers.

Focus on completing the legal framework to support and prioritize the development of the following industries: mechanical engineering, metallurgy, chemicals, materials, and agriculture-related business.

Form and effectively promote concentrated industrial zones and clusters into complete large-scale, highly specialized production complexes along the value chain in fields such as metallurgy, chemicals, mechanics manufacturing, and engineering… in the direction of ecological industry with improved environmental protection and climate change response.

On that basis, restructuring, and diversifying products of the foundation industry, ensures supply for domestic market demand. Development of alloy and fabricated steel products; petrochemical products, basic chemicals, fertilizers, technical rubber, pharmaceutical chemicals, and consumer chemicals.

According to the Ministry of Industry and Trade, the next phase of the industry will continue to develop and upgrade to high value-added stages in the global value chain to improve international competitiveness and deeply participate in it such as textiles, footwear, electronics, food… associated with enhanced process improvement, intelligent production technology, automation.

Expand the development scale to effectively exploit the potential of the export market in association with raising the level of production technology, innovation, and digital transformation, ensuring economical and efficient use of raw materials and energy, and reducing environmental pollution and greenhouse gas emissions.

Increased access to higher quality inputs and capacity building for support services such as sourcing, design, product development, and marketing provide opportunities to move into greater high-value segments increasing the value chain for the textile, leather, and footwear industry.

It is necessary to focus on strengthening linkages between multinational companies and domestic enterprises in the electronics industry in order to transfer technology and capacity to manage, and organize production and business; focus on improving the capacity of domestic enterprises in management and engineering, quality standards to better connect with FDI enterprises, step by step participate in the design and manufacture of components of the industry.

Dau Tu Online Magazine