The strategy aims to strengthen the nation’s capacity to produce goods and services by installing eco-friendly modernised hi-tech machinery and equipment in agriculture, agro-fishery processing, electronics, and efficient energy production.
In announcing the plan, Nguyen Thi Tue Anh, Deputy Head of the Central Institute for Economic Management (CIEM) said Vietnam and Japan have carefully and explicitly conceptualised the strategy and action plan.
The strategy is highly dependent upon an influx of foreign investment in the targeted industries and Vietnam and Japan will work cohesively to create a favourable environment conducive to the attraction of investment, Anh said.
Doan Xuan Hoa, deputy head of the Department of Processing and Trade for Agro-Forestry-Fishery Products and Salt Production in turn said there should be detailed and specific measureable goals for each individual industry.
There need to be both short-term and long-term goals that are readily understandable and measurable in order to attract the participation of companies, Hoa said.
Hoa also affirmed the Ministry of Agriculture and Rural Development will co-ordinate with the Japanese Embassy and Japan International Cooperation Agency (JICA) to organize trade exchanges among businesses.