Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, according to the Ministry of Industry and Trade (MoIT).
The program promotes the country’s industrialization and modernization until 2030, with a vision to 2045.
The goal is to increase the industrial sector’s share of GDP to over 40%, with the manufacturing and processing industry alone accounting for around 30%.
The average per capita value added in manufacturing and processing industries per capita is expected to reach over US$2,000. The proportion of labor in the industrial and service sectors is expected to reach over 70%.
The country aims to establish several large-scale industrial corporations and enterprises with international competitiveness in basic, priority, and key industries. Additionally, Vietnam plans to build and develop several internationally competitive domestic industrial clusters.
Source: Viet Nam News
