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Industry expected to contribute 40 percent to GDP by 2030

Vietnam’s industry is expected to contribute 40 percent to the country’s gross domestic product (GDP) by 2030, according to a newly issued resolution.
Industry expected to contribute 40 percent to GDP by 2030 ảnh 1Illustrative image (Source: chinhphu.vn)

Hanoi (VNA) – Vietnam’s industry is expected to contribute 40 percent to thecountry’s gross domestic product (GDP) by 2030, according to a newly issuedresolution.

Under Resolution 23-NQ/TW to develop thenational industry until 2030, with a vision to 2045, issued recently bythe Politburo, the processing and manufacturing industry will make up some30 percent.

The value of high-tech processing andmanufacturing products is targeted to reach at least 45 percent, whileindustrial labour productivity will increase by 7.5 percent on averageannually.

The industrial growth rate will average over 8.5percent, of which the processing and manufacturing industry will see a rise of10 percent yearly.

The resolution also sets the country’scompetitive industrial performance index among the top three countries in theASEAN, while the percentage of workers in the industrial and service sectors isover 70 percent.

Under the new plan, the Politburo aims tofinalise the country’s industrialisation and modernisation targets and becomeone of the top three countries in industry in the ASEAN by 2030.

To meet the targets, Vietnam will focus onchanging the restructuring of the industry, besides issuing policies onbusiness, investment, human resources and science and technology to develop theindustry, especially prioritised segments. 

Some large industrial clusters will also bebuilt to link domestic industrial enterprises and help them gain internationalcompetitiveness.-VNA
VNA
#Vietnam industry #Vietnam industry expected to contribute 40 percent to GDP by 2030 #high-tech processing and manufacturing in Vietnam #Vietnam industrial growth #Vietnam News Agency #vietnamplus
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