The Industrial Development Report 2016 focuses on the role of technology and innovation in inclusive and sustainable industrial development (Photo: VNA)

Hanoi (VNA) – The UN Industrial Development Organisation (UNIDO) has released the Industrial Development Report 2016, which focuses on the role of technology and innovation in inclusive and sustainable industrial development.

The launch was held by UNIDO and the Vietnamese Ministry of Industry and Trade in Hanoi on June 17.

Ludovico Alcorta, Director of UNIDO’s Development Policy, Statistics and Research Branch, said technology and innovation are closely connected with sustainable development.

Inclusive and sustainable industrialisation can be quickly achieved when policy makers provide conditions and issue reasonable policies for industrialisation, while steering clear of mistakes made by other countries, he added.

The report highlights the urgent need for international cooperation to boost technological changes and attain inclusive and sustainable industrial development.

It underlines the role of technology and innovation in industrialisation and modernisation and affirms the inevitability of industrialisation during development. Additionally, technology is able to foster all the three aspects of sustainable development: economy, society and environment.

However, the technological application in developing the economy and solving social problems in Vietnam is still limited, participants at the launch said.-VNA