Vietnam, Japan Prioritise Six Key Industries

The Prime Minister has passed the Vietnam Industrialisation Strategy within the Framework of the Vietnam – Japan Cooperation Programme till 2020, with a vision towards 2030, which focuses on six key industries with high value-added investments and international competitiveness.

The six key industries include electronics, agricultural machinery, agro-fishery manufacturing, shipbuilding, environment and energy saving, and automobile and spare parts. These sectors are designed to play the leading role in attracting domestic investment as well as that from foreign investors, especially Japanese enterprises, and create ripple effects on Vietnam’s industries in particular and its economy in general.

By 2020, the key industries would pioneer applications of high and green technologies in accordance with the domestic conditions. Prioritised fields will expand at least 20 percent each year and contribute 35 percent of total value of the industrial sector and enter the list of the top ten sectors with highest labour productivity growth rate.

Thu Ha