Vietnam Boosts Investment in Hi-Tech Production and Robots


Processing and manufacturing industry in Vietnam

Up to 2035, Vietnam will invest in high-tech manufacturing projects, such as robot, intelligent devices, microelectronic systems, nano mechatronic systems, CNC machine control software and mechatronics products.
Vietnam Boosts Investment in Hi-Tech Production and Robots
Processing and manufacturing industry in Vietnam

The Ministry of Industry and Trade has issued Decision 4772 approving the master plan for industry and trade development of the Tonkin Gulf economic belt to 2025 with vision to 2035.

The planning aims to build linking in the industrial and commercial development of the Tonkin Gulf economic belt with two economic corridors in order to effectively exploit its potential, advantages for industrial and trade development of localities in the region in particular and of the economic belt in general.

Regarding the specific objectives, the master plan determines that the average growth rate of industrial production value in the period 2016-2020 is about 11.0% - 11.5% per year; The period of 2021-2025 is about 12.0% - 12.6% per year.

Specifically, the development orientation stated that industrial development will be oriented towards modernization, with priority given to the development of a number of high-tech and large-scale industries in order to create a driving force for the development of industrial clusters and supporting industry; to develop in depth and actively participate in joint ventures, affiliated with multinational corporations to receive modern technology and step by step participate in the global supply chain.
In the period up to 2025, the electronics and IT industry will attract large scale investment projects in the manufacture and assembly of electronic and telecommunication products, and establish a network of satellite enterprises for production and assembly of final product.

To continue investing in the field of electronic components, printed circuit boards, electronic chips, control boards, software, metal parts, plastic parts, rubber supply to domestic manufacturers and exports

With a view to 2035, it will invest in high-tech manufacturing projects, robots, smart devices, microelectronics, nanoelectronic systems, CNC machines control software and mechatronics products.

The Ministry of Industry and Trade's plan also provides solutions to develop supporting industries, especially for electronics and mechanical engineering, viewed as a breakthrough to increase value added, meet the demand for accessories and spare parts for domestic production and step by step participate in the global supply chain.

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