WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Sep 26, 2014 / 14:04

Vietnam, Japan unveil plan to develop four key industries

An action plan, laying out a roadmap to develop four key industries under the Vietnam-Japan cooperation framework towards 2020 with a vision to 2030, was unveiled in Hanoi on September 25.

The strategy aims to strengthen the nation’s capacity to produce goods and services by installing eco-friendly modernised hi-tech machinery and equipment in agriculture, agro-fishery processing, electronics, and efficient energy production.
 
 
In announcing the plan, Nguyen Thi Tue Anh, Deputy Head of the Central Institute for Economic Management (CIEM) said Vietnam and Japan have carefully and explicitly conceptualised the strategy and action plan.

The strategy is highly dependent upon an influx of foreign investment in the targeted industries and Vietnam and Japan will work cohesively to create a favourable environment conducive to the attraction of investment, Anh said.

Doan Xuan Hoa, deputy head of the Department of Processing and Trade for Agro-Forestry-Fishery Products and Salt Production in turn said there should be detailed and specific measureable goals for each individual industry.

There need to be both short-term and long-term goals that are readily understandable and measurable in order to attract the participation of companies, Hoa said.

Hoa also affirmed the Ministry of Agriculture and Rural Development will co-ordinate with the Japanese Embassy and Japan International Cooperation Agency (JICA) to organize trade exchanges among businesses.