The Prime Minister has approved the portfolio of a project funded by the United Nations Industrial Development Organization (UNIDO) to assist the building of development policies and strategy for the industrial sector through capacity building.

The project will be carried out for 36 months at a total investment of 1.08 million USD.

It aims to raise the institutional capacity of both the Government and the private sector, thus helping improve the strategy for the sector as a whole and develop suitable policies for each specific industry, and ultimately enhancing the competitiveness of Vietnam’s industrial sector.

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According to the industrial development strategy through 2025, with a vision to 2035, Vietnam's industrial sector will develop with a sound structure in terms of industry and region. The industrial sector should be sufficiently competitive to develop during integration, have modern technologies, and participate in the global value chain in a number of specialized sub-sectors and fields, and can fundamentally meet the requirements of the economy and export.

By 2035, Vietnam's industrial sector will develop with a majority of specialized industries meeting international standards in terms of technologies and product quality, deeply participating in the global value chain, using energy efficiently, and competing fairly in international integration.

Source: VNA