Forest products processing is a prioritized sector in Thua Thien Hue Province Thua Thien Hue will focus on developing farm produce, forest products, seafood and beverage processing, fine art and handicraft, mechanical equipment, machinery and parts, and building material industries. The central coastal province prioritizes the application of advanced machinery and equipment to production to help enterprises improve labor productivity and product quality and protect the environment. The project will help rural industrial producers participate in trade fairs and exhibitions, trade promotion and partner searches. Thua Thien Hue will prioritize diversification of fine art and handicraft articles for tourists, focusing on furniture, lacquer, bamboo and rattan wares, textile, garment, embroidery and special farm produce, forest products and seafood. The project is expected to help the province reach a rural industrial production value of VND13.5-15 trillion with annual growth of … [Read more...] about Thua Thien Hue taps rural industry development
Philadelphia industrial development corporation
Programme bolsters industrial development in rural areas
Illustrative image (Source: VNA) Hanoi (VNA) – The national industry encouragement programme from 2014 to 2018 has contributed largely to industrial development in rural areas, thus promoting the economic structure shifting towards industrialisation, modernisation, and new-style rural area building, said Minister of Industry and Trade Tran Tuan Anh. At a conference held in Hanoi on April 24 by the Party Central Committee’s Economic Commission, the Ministry of Industry and Trade and the Hanoi city People’s Committee, Minister Anh said various technology transfer projects and vocational training courses were held under the programme. Giving more details about the programme, Director of the ministry’s Agency for Regional Industry and Trade Ngo Quang Trung highlighted that the programme splashed out more than 1.18 trillion VND (50.67 million USD) to support industrial development in five years. The programme organised vocational training and skill … [Read more...] about Programme bolsters industrial development in rural areas
Auto industry crucial to Vietnam’s industrial development: PM
Prime Minister Nguyen Xuan Phuc speaks at the working session (Photo: VNA) Hanoi (VNA) – The automobile industry, which is a high-tech industry, holds an important role to the industrial development of the country, Prime Minister Nguyen Xuan Phuc has said. The PM made the statement in Hanoi on March 12 while presiding over a working session with representatives of competent agencies, businesses and localities, looking to tackle difficulties in the development of Vietnam’s automobile industry. At the event, participants affirmed the significance of the automobile industry to the country’s development, adding that automobile centres have greatly contributed to the state budget collection of respective localities. They voiced their hope that the government will issue more incentives to facilitate the support industry to serve the domestic car assembling and manufacturing sector, which is expected to attract major car companies of the world and connect … [Read more...] about Auto industry crucial to Vietnam’s industrial development: PM
Phu Tho should focus on industrial development: Deputy PM
Deputy Prime Minister Trinh Dinh Dung speaks at the working session in Phu Tho (Photo: VNA) Phu Tho (VNA) – The northern midland province of Phu Tho should use industrial development to drive its growth, Deputy Prime Minister Trinh Dinh Dung has said. Dung made the recommendation at a meeting with local authorities on January 25, as part of his working trip to the province. He led a Government delegation, which comprised of leaders of various ministries, including the ministries of Planning and Investment, Transport, Construction, and Agricultural and Rural Development. At the meeting, reports on the province’s recent performance were delivered. Accordingly, Phu Tho has recorded an over 8.34-percent growth rate, with local industry, services, and agriculture posting stable development. After lauding efforts made to achieve such outcomes, Deputy PM Dung pointed to some of the challenges and shortcomings facing the locality, which include the small scale of the economy; … [Read more...] about Phu Tho should focus on industrial development: Deputy PM
MoIT prepares to forge industrial development policy
(VEN) - Top officials met recently in Hanoi to discuss implementation of a Politburo resolution designed to turn Vietnam into a leading industrial nation. Resolution 23-NQ/TW issued in March 2018 pertains to the formulation of a national policy for industrial development until 2030, with a vision towards 2045. The resolution’s general objective for 2030 is for Vietnam to accomplish its industrialization and modernization goals and stand among the top three ASEAN countries in terms of industrial development, with some industries achieving global competitiveness and deep involvement in global value chains. The vision for 2045 is to turn Vietnam into a modern industrial nation. Under the resolution, the industrial sector is expected to create more than 40 percent of Vietnam’s gross domestic product (GDP) by 2030, about 30 percent of which is expected to be created by processing and manufacturing industries. High-tech products are set to account for at least 45 … [Read more...] about MoIT prepares to forge industrial development policy