Workshop discusses ways for industrial development in Vietnam

The Central Institute for Economic Management (CIEM) in collaboration with the Jakarta-based Economic Research Institute for ASEAN and East Asia (ERIA) held a workshop on industrial development in Vietnam in Hanoi on December 28.
Workshop discusses ways for industrial development in Vietnam ảnh 1An overview of the workshop (Photo: CIEM)
Hanoi (VNA) – The Central Institute for Economic Management (CIEM)in collaboration with the Jakarta-based Economic Research Institute for ASEANand East Asia (ERIA) held a workshop on industrial development in Vietnam inHanoi on December 28.

Speaking at the event, CIEM Director Tran Thi Hong Minh saidthat the Vietnamese economy has been recovering strongly from severe impactsof the COVID-19 pandemic.

However, it is facing the risk of fragmented and unfocused reforms which leads to difficulties in creating more breakthroughs if no newer andmore drastic ways and solutions are taken.

The outcomes of this workshop will help Vietnamese agenciesand experts in consulting policies on industrial development in the country,Minh stated.

Vo Tri Thanh, member of the National Financial and MonetaryPolicy Advisory Council, proposed Vietnam prioritise developing severalindustries such as information technology and telecommunications, and advanced electronics,to meet the requirements of the Fourth Industrial Revolution to create adigital technology platform for other industries; clean and renewable energy; andprocessing and manufacturing.

Attention should also be paid to defence and securityindustry, combined with civilian industry in the dual-use direction, garmentand footwear industries, and several mechanical industries such as automobiles,agricultural machines, and electric and medical equipment.

For the electronics sector, Nguyen Thi Xuan Thuy from the GermanAgency for International Cooperation or (GIZ) suggested the Government buildreliable partnerships in this industry at both macro and micro levels andattract more foreign investment (FDI) to create a domestic supply chain./.
VNA

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