Viet Nam, Japan lift industrial co-operation

Under the strategy approved by the Prime Minister on July 1, 2013, priority has to be given to developing the electronics, agricultural machinery, agricultural and seafood processing, ship building, environment and energy saving, and automobile and spare parts manufacturing sectors. — File Photo

HA NOI (Biz Hub) — The Deputy Prime Minister has urged relevant ministries and agencies to rapidly implement the Viet Nam Industrialisation Strategy (VIS), which is part of the Viet Nam-Japan cooperation framework through 2020.

Deputy PM Hoang Trung Hai has given the directive to the following ministries: Finance; Science and Technology; Labour, Invalids, and Social Affairs; Foreign Affairs; Education and Training; Natural Resources and Environment; Construction; Industry and Trade; Agriculture and Rural Development; Planning and Investment; and Transportation, as well as the State Bank of Viet Nam.

They have been asked to carry out their assigned tasks in a timely fashion, including submitting reports to the Deputy PM – who also heads the Steering Committee for VIS – by April this year.

The development of these industries is expected to nurture high value-added products, boost technological innovation and productivity, and improve global competitiveness of local firms.

The Ministry of Planning and Investment was assigned to supervise progress in the implementation of the action plan and conduct research on potential products or areas for cooperation with Japan.

Additionally, it will collaborate with the Ministries of Foreign Affairs and Finance to seek support from foreign partners and enterprises for the projects stipulated within the plan.

Meanwhile, the Ministry of Industry and Trade will work with the Japanese Embassy to finalise an action plan for the development of the automobile and spare parts manufacturing industry in March 2015. — VNS