UN DEVELOPMENT BODY HELPS VN INDUSTRIAL SECTOR CREATE STRATEGIES

The project, by the United Nations Industrial Development Organization (UNIDO), will be carried out for 36 months with 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 to improve the strategy for the sector as a whole and develop suitable policies for each specific industry, and ultimately enhancing the competitiveness of Viet Nam’s industrial sector.

According to the industrial development strategy through 2025, with a vision to 2035, Viet Nam’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, with 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 exports.

By 2035, Viet Nam’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.

Source: VNS