Sunday, June 24, 2018 9:33:58 PM - Markets open
VN-INDEX 983.17 +13.77/+1.42%
HNX-INDEX 111.98 +1.82/+1.65%
UPCOM-INDEX 51.81 +0.02/+0.03%
Industry expected to contribute 40 percent to GDP by 2030
VietnamPlus - 4/3/2018 9:54:54 AM
 (0 ratings. You must sign in to rate.)
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.
 
Under Resolution 23-NQ/TW to develop the national industry until 2030, with a vision to 2045, issued recently by the Politburo, the processing and manufacturing industry will make up some 30 percent.
 
The value of high-tech processing and manufacturing products is targeted to reach at least 45 percent, while industrial labour productivity will increase by 7.5 percent on average annually.
 
The industrial growth rate will average over 8.5 percent, of which the processing and manufacturing industry will see a rise of 10 percent yearly.
 
The resolution also sets the country’s competitive industrial performance index among the top three countries in the ASEAN, while the percentage of workers in the industrial and service sectors is over 70 percent.
 
Under the new plan, the Politburo aims to finalise the country’s industrialisation and modernisation targets and become one of the top three countries in industry in the ASEAN by 2030.
 
To meet the targets, Vietnam will focus on changing the restructuring of the industry, besides issuing policies on business, investment, human resources and science and technology to develop the industry, especially prioritised segments. 
 
Some large industrial clusters will also be built to link domestic industrial enterprises and help them gain international competitiveness.-VNA
 
Read original article here
Newer News
22/06 Cement strategy must ensure balance of supply, demand
20/06 Made-in-Vietnam tyres present in 128 markets
19/06 Garment-textile sector seeks to optimise opportunities from CPTPP
18/06 Fertiliser stocks shoot up due to VAT change
15/06 Seafood exports to China surge
15/06 TV market heats up for World Cup
15/06 WB: Vietnam’s economy improves further
15/06 Rubber businesses need sustainable development strategies: workshop
14/06 Expositions focus on rubber, paper, coatings, paper ink industries
13/06 FMCG market forecast to grow at 5 per cent this year
Older News
02/04 Car imports rise again as firms adjust to rules
02/04 Aquatic export up 11.5% in first quarter
31/03 Industrial production shoots up 11.6 per cent
30/03 First quarter GDP growth hits ten-year high
30/03 Statistics office says CPI grows slightly in Q1
30/03 Vietnam wins anti-dumping steel lawsuit in Australia
29/03 Hanoi’s CPI drops 0.22 percent in March
29/03 Import-export revenue surges nearly 37 percent in March
27/03 VN wood industry faces input woes
26/03 Vietnam hopes for export boost from new CPTPP trade deal
 
Newsletter Signup
Top Stories
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Draft decree on State monopoly in trade submitted to Government
CPI ups 0.46% in January
Market Update
Last updated at 3:12:04 PM
VN-INDEX 983.17 +13.77/+1.42%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.