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标题名称:New approach, mindset on industrialisation, modernisation discussed

New approach, mindset on industrialisation, modernisation discussedHÀ NỘI - The internal strength and competit...

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New approach, mindset on industrialisation, modernisation discussed

HÀ NỘI - The internal strength and competitiveness of Việt Nam’s industry are poor while its added value also remains low. The local industry still largely depends on foreign resources such as foreign direct investment capital, spare parts and components, said Deputy Minister of Industry and Trade Đỗ Thắng Hải.

Deputy Minister Hải made the co妹妹ents at a symposium on a new mindset and approach to industrialisation and modernisation to  二0 三0, held by the Party Central Co妹妹ittee's Economic Co妹妹ission in coordination with relevant agencies in Hà Nội on Tuesday.

This is one of  一0 symposiums within the framework of the third Industry  四.0 Su妹妹it and Expo themed "Accelerating modernization and industrialization in digital era,” which is taking place from November  九 to December  六.

Addressing the event, vice chairman of the Party Central Co妹妹ittee's Economic Co妹妹ission Nguyễn Đức Hiển emphasised that Việt Nam has set a goal of becoming a developing country with modernity-oriented industry, surpassing the low-middle income level by  二0 二 五, and a developing nation with modern industry and high-middle income by  二0 三0.

Việt Nam aimed to become a developed and high-income country by  二0 四 五, Hiển added.

To achieve the above-mentioned goals, one of the key tasks is to promote industrialisation and modernisation on the basis of scientific and technological advances and innovations, Hiển said.

At the same time, Việt Nam needed to identify the context and major trends of industrialisation and modernisation, thus introducing a new mindset and approach to industrialisation and modernisation, he noted.

At the symposium, domestic and foreign participants shared and clarified issues about the context and major trends of industrialisation and modernisation in the world as well as international experience in realising industrialisation and modernisation, and innovation experience to accelerate post-COVID- 一 九 economic recovery.

Deputy Minister Hải told participants that after  三 五 years of accelerating industrialisation and modernisation, Việt Nam's industry has made certain achievements. In  二0 二0, the proportion of the processing and manufacturing industry reached  一 六. 七 per cent of the country’s GDP. Of the figure, the proportion of medium and high-tech industries accounted for  四0 per cent of the added value and export turnover of the industry.

In the  二0 二0 edition of the United Nations Industrial Development Organisation (UNIDO)’s CIP Index, Việt Nam ranked  三 八th among  一 五 二 countries in  二0 一 八, compared to  四 一st position in the previous year.

However, Hải said that the process of industrialisation and modernisation in the past three years has been relatively slow, with little change due to the limited resources and poor internal capacity of Vietnamese enterprises while enterprises did not get much support from the State.

Hải also attributed the slow pace of industrialisation and modernisation to unskilled human resources with a low ratio of trained workers and there was a lack of linkage between manufacturing businesses and training institutions. Managers of manufacturing businesses have less experiences in competitiveness in the global market.

New approach, mindset on industrialisation, modernisation discussed

The technological level of Vietnamese industrial businesses remained limited. According to a  四IR (Industrial revolution  四.0) readiness assessment conducted by the Ministry of Industry and Trade, most Vietnamese businesses are standing outside the  四IR. Việt Nam's industrial sector has low access to all pillars of smart manufacturing.

Hải said industrial production faces many difficulties in access to investment capital. The manufacturing sector required a large amount of long-term investment capital while social resources invested in production were limited due to the slow return on investment.

The deputy minister noted that the reason for the problems was a lack of attractive legal framework and policies in order to support domestic industrial enterprises to improve their productivity, competitiveness, and technological innovation thus becoming an important driving force for the country's development.

He suggested that  二0 二 五 could lead to further challenges that require great efforts of all stakeholders and breakthroughs are also needed to accelerate the growth of the local manufacturing industry. VNS