Development of industries in integration process

Vietnam’s industries have developed strongly in recent years but still far below expectation. In the 2011-2015 period, the industrial added value grew 7.6% and the production value rose 10% annually. The sector has obtained positive growth with an increasing proportion of processing and manufacturing industries.

According to the Industrial Development Strategy by 2020 with a vision to 2030, the country will mobilize resources from all economic sectors at home and abroad to restructure and modernise the national industries. Priority will be given to competitive industries in the fields of agro-forestry, seafood, electronics, telecommunications, and engineering.

Deputy Minister of Industry and Trade Tran Tuan Anh said in the industrial development process, in addition to State support, businesses should make every effort to take full advantage of free trade agreements (FTAs).

Businesses should develop sustainable market plans and grasp FTAs opportunities, Tuan Anh added.