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• Vietnam’s new industrial policy, Resolution No. 23-NQ/TW outlines big goals and solutions to boost industrialization in Vietnam, notably with the ambition to be among the top ASEAN economies in terms of industrial competitiveness.
• Looking at the current top-performing industries, Vietnam is well on track to achieve its goals
• However, more needs to be done if the country wants to remain competitive in the future, especially with the advent of Industry 4.0.

In September 2020, the Vietnamese government issued an action plan implementing Resolution No 23/NQ/TW, which sets out a national industrial policy until 2030 with a vision towards 2045. The resolution was first signed in March 2018.

What are the goals outlined in the policy, and how does Vietnam intend to accomplish these goals? We assess the current status of industrialization in the country, take a closer look at the contents of the national policy and action plan, and identify future opportunities and challenges.

What’s in the new industrial policy?

The action plan to implement the national industrial development policy contains six main goals:

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