Vietnam Sets Ambitious Goals in New National Industrial Policy But Can It Stay Competitive?

  • 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:

Tiếp tục đọc “Vietnam Sets Ambitious Goals in New National Industrial Policy But Can It Stay Competitive?”

Emerging from the pandemic, Vietnam must position itself for recovery

It’s been two months since the last known case of community transmission of the coronavirus in Vietnam, enabling the country, hailed recently as one of the 11 outperformers among emerging economies, to be among the first to fully reopen its domestic economy.While recurrence remains an ever-present threat, Vietnam’s government is now turning its attention to repairing a damaged economy. Vietnam has fared better economically than many countries, but it has not been completely spared. GDP growth in the first quarter was at its lowest level since 2010, although it was still in positive territory at 3.8 percent. With exports and tourism severely affected, domestic consumption has been (and is expected to continue to be) critical to hold the economy together.

Staying afloat in 2020, largely thanks to spending on essentials

Tiếp tục đọc “Emerging from the pandemic, Vietnam must position itself for recovery”

Vietnam’s debt-to-GDP ratio seen below 57% by 2021: HSBC

Tuesday,  Jan 14, 2020,12:11 (GMT+7)
Vehicles travel on Vo Van Kiet Avenue in HCMC. This road was funded by official development assistance loans – PHOTO: VNA

HCMC – If the Vietnamese Government continues its fiscal consolidation, the public debt-to-gross domestic product (GDP) ratio could be further reduced, possibly reaching below 57% by 2021, said an HSBC report.

“Elevated public debt has fallen consistently over the years,” said the “Vietnam at a glance: The Good, the Bad and the Needed” report which the Hongkong and Shanghai Bank Corporation (HSBC) released last week.
Tiếp tục đọc “Vietnam’s debt-to-GDP ratio seen below 57% by 2021: HSBC”

Vietnam needs to choose the path less traveled

By Nguyen Dang Anh Thi   January 26, 2020 | 07:27 am GMT+7

In copying other countries’ development mistakes, Vietnam has paid a heavy price for not deploying due foresight. Now, we cannot ignore hindsight wisdom.

Nguyen Dang Anh Thi

Nguyen Dang Anh Thi

When he was 18, my eldest brother faced a tough decision – should he go to university or take up vocational training?

Although he wanted to persist with his academic pursuit, he deferred to the family’s economic needs and decided to join the workforce to support the family.

So, instead of going to university, he decided to go to Tay Loc District in my home province, Thua Thien Hue, and learn tailoring.

One year, with a sudden surge in the need for making windcheaters in HCMC, my brother left home and headed for the southern metropolis in search of better work opportunities. He boarded the crammed bus, not daring to look behind at his sobbing family.

Tiếp tục đọc “Vietnam needs to choose the path less traveled”

Can Vietnam achieve its vision of a ‘green transformation’?

VIETNAM is facing a number of environmental pitfalls and policy hurdles on its path towards a sustainable energy sector, Frauke Urban, Giuseppina Siciliano, Linda Wallbott, Markus Lederer and Dang Nguyen Anh write.

Vietnam has experienced rapid economic growth over the past two decades, making it one of the strongest and fastest growing economies in Southeast Asia.

At the same time, the country has experienced increasing levels of urbanisation, industrialisation and high population growth.

While millions of people have been lifted out of poverty, Vietnam’s recent development trajectory has also resulted in increasing environmental pressures. Tiếp tục đọc “Can Vietnam achieve its vision of a ‘green transformation’?”

Giá trị tài sản tăng nhanh hơn thu nhập, tiền đâu nộp thuế?

Nguyễn Vạn PhúThứ Tư,  25/4/2018, 07:54 

Đất đai ở Việt Nam tăng nhanh và có thời điểm, có khu vực bắt kịp với giá địa ốc ở những nơi được xem là đắt đỏ trên thế giới. Ảnh: HẢI NAM

(TBKTSG) – Dư luận phản ánh trên báo chí về dự án Luật Thuế tài sản những ngày sau khi được Bộ Tài chính giới thiệu nhìn chung là phản đối – với rất nhiều lý lẽ rất xác đáng. Một trong những lập luận khó lòng phản bác là hiện nay theo Hiến pháp, đất đai thuộc sở hữu toàn dân, người dân chỉ có quyền sử dụng đất nên đất không phải là tài sản của họ đúng nghĩa. Một khi đất không thuộc sở hữu thì làm sao bắt người dân đóng thuế dưới tên gọi Luật Thuế tài sản cho được.

Tiếp tục đọc “Giá trị tài sản tăng nhanh hơn thu nhập, tiền đâu nộp thuế?”

Good Morning Vietnam, Energy-wise


Vietnam, a leading indicator for the rest of the developing world, has seen tremendous growth in per capita energy consumption.

During a recent family vacation in Vietnam, I learned that the country is a microcosm for several major trends in energy consumption in the developing world: (1) there’s a thriving middle class, (2) hot and humid weather is driving air conditioning demand and (3) rural electrification rates are very high. (We also loved the food, culture and beaches, and we were gripped by the poignant remnants of the American War, as it’s known locally. I highly recommend it as a vacation destination if that’s your thing.)

Let’s start with some basic facts: Vietnam has seen extraordinary growth in per capita energy consumption over the past several decades. Since 1990, the earliest year for which data are available for most countries, total per capita energy consumption in Vietnam has more than doubled. (All the country-level data in this post come from the World Bank Development Indicators.) This puts Vietnam in the top 3% of countries in the world in terms of growth in per capita energy consumption. Of the countries with more than 5 million people, only China and Thailand have had more rapid growth. Tiếp tục đọc “Good Morning Vietnam, Energy-wise”

Historic soccer run brings unequal Vietnam together

Under-23 team’s trip to Asian finals fosters sense of national camaraderie

ATSUSHI TOMIYAMA, Nikkei staff writer

Fans in Hanoi react after Vietnam’s loss in the AFC U23 Championship final against Uzbekistan on Jan. 27. © Reuters

HANOI — The Vietnam national team’s first-ever appearance in the finals of the Asian Football Confederation U23 championship, triggered mass celebrations across the country, despite a close defeat in the final game on Saturday. Tiếp tục đọc “Historic soccer run brings unequal Vietnam together”

Vietnam loses $2.4 billion as deep-water port has insufficient infrastructure

VietNamNet Bridge – Vietnam spent big money to build a deep-water port but did not build infrastructure for ships to go in and out of the port.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, SOE, CMIT, deep water port, Hai Phong Port

Vietnam has spent bit money to build ports

Ho Kim Lan, secretary general of the Vietnam Port Association (VPA), said 80 percent of container imports and exports still have to go through small ports and vessels. Tiếp tục đọc “Vietnam loses $2.4 billion as deep-water port has insufficient infrastructure”

Productivity key to escaping mid-income trap

vietnamnews Update: December, 14/2017 – 08:00

Workers produce mechanical accessories and parts at the Hirota Precision Viet Nam Co.,Ltd in Đồng Nai Province. — VNA/VNS Photo Danh Lam
Viet Nam News HÀ NỘI — Việt Nam has to focus on increasing labour productivity and overall productivity growth to avoid the risk of being stuck in the middle income trap, experts said at the Vietnam Development Forum (VDF) 2017 yesterday.

Prime Minister Nguyễn Xuân Phúc said that there were signs of slowdown in productivity growth, a key driver of sustainable development, and this has to be reversed with innovation, creativity and technological applications. Tiếp tục đọc “Productivity key to escaping mid-income trap”

ADB lifts growth prospect of VN to 6.7%

vietnamnews Update: December, 13/2017 – 18:00

Việt Nam’s growth prospect is predicted to be 6.7 per cent in both 2017 and 2018. — Photo
Viet Nam News  HÀ NỘI — The Asian Development Bank (ADB) revised Việt Nam’s growth prospect upward to 6.7 per cent in both 2017 and 2018 compared with earlier forecasts of 6.3 and 6.5 per cent, respectively.

This is part of ADB’s forecast on economic expansion of developing Asia, which showed the GDP of the first three quarters of 2017 in Việt Nam grew by 6.4 per cent, up from 5.9 per cent in the same period of 2016. Tiếp tục đọc “ADB lifts growth prospect of VN to 6.7%”

Vietnam’s economic growth patterns questioned by experts

Last update 08:00 | 05/12/2017
VietNamNet Bridge – The unexpected jump in the GDP growth rate in the third quarter of the year remains controversial.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, GDP, inflation rate, Tran Dinh Thien

Vietnam’s GDP growth rates

Head of the Vietnam Economics Institute Tran Dinh Thien, citing statistics about GDP growth rates in the last many years, said the ‘strange thing’ of Vietnam economy is ‘the growth rate is low in the first quarters, high in the last quarters, and the yearly plans are fulfilled’. Tiếp tục đọc “Vietnam’s economic growth patterns questioned by experts”

Nếu không có 30/4 miền Nam có giàu như Hàn Quốc?

VNY – 19 thg 10, 2016

Nếu không có ngày thống nhất đất nước 30/4/1975, liệu miền Nam ngày nay có phát triển như Hàn Quốc không? Sự thật là nền kinh tế VNCH cho đến 1975 hoàn toàn không có nội lực gì, phụ thuộc hoàn toàn vào viện trợ Mỹ và nguồn tiền mà lính Mỹ chi tiêu. Do đó, nếu không có sự kiện 30/4 và Mỹ cũng không còn viện trợ kinh tế ồ ạt mỗi năm hơn nửa tỷ USD thì nền kinh tế VNCH phải mất nhiều năm tập cai sữa rồi mới có thể tập bò rồi tập đi bằng đôi chân của mình. Vì thế hãy thôi ảo tưởng quá khứ đi, Sài Gòn là hòn ngọc viễn đông nhưng là hòn ngọc do sự có mặt của người Mỹ tạo ra chứ không phải do nền kinh tế VNCH và những người dân bản địa tạo nên.

Những thương vụ ngàn tỷ từ nước ngoài đổ vào ngành dược Việt Nam – 3 bài

  • Bài 1: Sóng đầu tư đổ về các nhà máy thuốc
  • Bài 2: “Đại gia” ngành dược chi mạnh cho mua bán, sáp nhập
  • Bài 3: Phía sau những giao dịch của các “đại gia” ngành dược

Tiêu thụ thuốc
Tiêu thụ thuốc


Bài 1: Sóng đầu tư đổ về các nhà máy thuốc

DT Theo số liệu của Bloomberg, kể từ đầu năm đến nay các mã cổ phiếu ngành dược niêm yết trên sàn chứng khoán Việt Nam đã tăng trưởng khoảng 40%, tốt nhất trong số 10 ngành của VN – Index. Sự hấp dẫn của ngành dược Việt Nam càng được chứng minh khi hàng loạt cái tên lớn trong ngành như Abbott, Sanofi, Taisho… lần lượt dốc thêm vốn vào Việt Nam. Tiếp tục đọc “Những thương vụ ngàn tỷ từ nước ngoài đổ vào ngành dược Việt Nam – 3 bài”

Việt Nam đặt mục tiêu mỗi người dân uống 52 lít bia, 3 lít rượu vào năm 2035

Việt Nam đặt mục tiêu mỗi người dân uống 52 lít bia, 3 lít rượu vào năm 2035

CF Việt Nam đặt mục tiêu năm 2035 cả nước sản xuất khoảng 5,5 tỷ lít bia; 350 triệu lít rượu. Dự kiến dân số Việt Nam 2035 ở mức 105 triệu người, thì trung bình mỗi người dân sẽ uống 52 lít bia, 3 lít rượu… Tiếp tục đọc “Việt Nam đặt mục tiêu mỗi người dân uống 52 lít bia, 3 lít rượu vào năm 2035”