Gov’t decides industrial development strategy in next decades

The Government has issued a decision on industrial development strategy by 2025 and visions until 2035, giving priority to develop manufacturing and processing, electronics and telecommunications, and renewable energy sources.
 
Nhon Hoa scale manufacturing (Photo: SGGP)
According to the decision, industrial production growth will hit 12.5-13 percent in 2020.
 
By 2035, industry and construction will account for 40-41 percent of the country’s economic structure.
 
Hi-tech products will account for 45 percent of the country Gross Domestic Product by 2025 and 50 percent afterwards.
 
Mechanics and metallurgy groups will be established to speed up industrialization by 2020. The metallurgy will be developed towards environmental friendly solutions with advanced technologies.

By Lac Phong – Translated by Hai Mien

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.