HÀ NỘI — Việt Nam needs a legal corridor to clearly define development for key industries in the process of industrialisation, according to the Ministry of Industry and Trade (MoIT). The current legal system does not have specific regulations on identifying key industries as well as specific policies to promote the development of these industries. It also lacks of specific regulations on improving competitiveness for key industries. The competitiveness of enterprises - especially enterprises in key industries - is still very limited. To realise the goal of industrialisation and modernisation, Việt Nam must attach importance to the development of foundation and key industries.

Source: Viet Nam News March 13, 2024 07:22 UTC