HANOI: Vietnam strives to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, reported Xinhua quoting Vietnam News on Monday. The goal was proposed by the Ministry of Industry and Trade.
The country’s industrial sector aims to have over 40 per cent share in gross domestic product (GDP) by 2030. The manufacturing and processing industry alone is expected to account for around 30 per cent of the GDP, according to the ministry’s action plan.
The average per capita value added in the manufacturing and processing industry per capita is expected to reach over US$2,000.
To achieve this goal, Vietnam aims to establish several large-scale industrial corporations and enterprises with international competitiveness in basic, priority and key industries.
Vietnam’s national index of industrial production advanced 8.34 per cent year on year in the first nine months of this year, according to the latest update by the General Statistics Office.
ALSO READ: Vietnam listed among top 10 best destinations for expats in 2022
