Compiled by Hoàng HàViệt Nam does not yet have a comprehensive and inclusive industrial development policy like developed economies do, according to Minister of Industry and Trade Nguyễn Hồng Diên. Supporting industries are considered necessary to restructure the industrial sector and promote rapid growth in a period of new development. Minister Diên said that the processing and manufacturing sector, including supporting industries and the mechanical industry, has affirmed its leading role in industrial production growth. The development of this sector has contributed to attracting global corporations to invest in expanding factories and forming research and development (R&D) centres in Việt Nam," said Diên. When granting investment licences for foreign investors, we must also ask them to commit to using modern technology in projects in Việt Nam, and must have a roadmap on technology transfer in Việt Nam," said Hà.

Source: Viet Nam News June 10, 2024 07:39 UTC