Published: 09:49, November 5, 2024
Vietnam aims for top 3 in industrial competitiveness among ASEAN countries
By Xinhua
Workers make shoes for export at a workshop of the footwear company in Hanoi, Vietnam, April 1, 2022. (PHOTO / HANDOUT VIA XINHUA)

HANOI - Vietnam strives to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, Vietnam News on Monday cited the goal proposed by the Ministry of Industry and Trade as saying.

The country's industrial sector aims to have over 40 percent share in gross domestic product (GDP) by 2030.

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The manufacturing and processing industry alone is expected to account for around 30 percent 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 $2,000.

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To achieve this goal, Vietnam aims to establish several large-scale industrial corporations and enterprises with international competitiveness in basic, priority and key industries.

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Vietnam's national index of industrial production advanced 8.34 percent year on year in the first nine months of this year, according to the latest update by the General Statistics Office.