The project will be carried out for 36 months at a total investment of US$1.08 million.
It aims to raise the institutional capacity of both the Government and the private sector, thus helping improve the strategy for the sector as a whole and develop suitable policies for each specific industry, and ultimately enhancing the competitiveness of Vietnam’s industrial sector.
According to the industrial development strategy through 2025, with a vision to 2035, Vietnam's industrial sector will develop with a sound structure in terms of industry and region. The industrial sector should be sufficiently competitive to develop during integration, have modern technologies, and participate in the global value chain in a number of specialised sub-sectors and fields, and can fundamentally meet the requirements of the economy and export.
By 2035, Vietnam's industrial sector will develop with a majority of specialised industries meeting international standards in terms of technologies and product quality, deeply participating in the global value chain, using energy efficiently, and competing fairly in international integration.