A senior economist from Japan has advised Vietnam to determine astrategic industry that can easily develop and increase outputs once thenation’s per-capita incomes rise, as part of its economic strategy.
Sugiyama Hideji, Vice President of the Shokochukin Bank, made thesuggestion at a symposium held in Hanoi on July 27 that aimed to shareJapan ’s experience in policy making for industry and supportiveindustries and help Vietnam solve its own problems.
The expert from Asia’s most developed economy recommendedpetrochemistry, household utensil manufacture, electrical appliances,apparel and agriculture as industries that Vietnam should considerdeveloping as strategic industries.
In an effortto export farm produce, Vietnam should intensify investment ininfrastructure facilities such as cold stores and cold chains, thesenior banker added.
He emphasised four basicconditions, namely capital, technology, human resources and adistribution system, that local small and medium-sized enterprises(SMEs) must plan for in their development strategies.
It is necessary for the country to establish credit institutions toprovide soft loans for SMEs and set out technology goals for each andevery industry, he said.
For its part, eachenterprise should have its own targets in human resource developmentthat include issuing diplomas or certificates for each staff memberafter training courses and considering promotions or salary rises onthis basis, Hideji explained.
He emphasised thatthe developing country has to work out overall medium and long-termdevelopment plans in this area and conduct surveys on enterprisecircles, from their workforces to technology, outlets and materialsupply, before making a policy.
For his part, DoHoai Nam , President of the Vietnam Institute of Social Sciences,highlighted the important role played by supportive industries in thecountry’s industrialisation process.
He urgedparticipants to focus discussion on Japan ’s experiences indeveloping material infrastructure, a legal system, social foundationsand other conditions for supportive industries to grow.
Nam ’s institute and the Japanese International Cooperation Agency (JICA) were co-sponsors of the event./.
Sugiyama Hideji, Vice President of the Shokochukin Bank, made thesuggestion at a symposium held in Hanoi on July 27 that aimed to shareJapan ’s experience in policy making for industry and supportiveindustries and help Vietnam solve its own problems.
The expert from Asia’s most developed economy recommendedpetrochemistry, household utensil manufacture, electrical appliances,apparel and agriculture as industries that Vietnam should considerdeveloping as strategic industries.
In an effortto export farm produce, Vietnam should intensify investment ininfrastructure facilities such as cold stores and cold chains, thesenior banker added.
He emphasised four basicconditions, namely capital, technology, human resources and adistribution system, that local small and medium-sized enterprises(SMEs) must plan for in their development strategies.
It is necessary for the country to establish credit institutions toprovide soft loans for SMEs and set out technology goals for each andevery industry, he said.
For its part, eachenterprise should have its own targets in human resource developmentthat include issuing diplomas or certificates for each staff memberafter training courses and considering promotions or salary rises onthis basis, Hideji explained.
He emphasised thatthe developing country has to work out overall medium and long-termdevelopment plans in this area and conduct surveys on enterprisecircles, from their workforces to technology, outlets and materialsupply, before making a policy.
For his part, DoHoai Nam , President of the Vietnam Institute of Social Sciences,highlighted the important role played by supportive industries in thecountry’s industrialisation process.
He urgedparticipants to focus discussion on Japan ’s experiences indeveloping material infrastructure, a legal system, social foundationsand other conditions for supportive industries to grow.
Nam ’s institute and the Japanese International Cooperation Agency (JICA) were co-sponsors of the event./.
