Hanoi (VNA) – The Research Institute for Industry Policy and Strategy under theMinistry of Industry and Trade (MoIT) held a seminar in Hanoi on February 28 tocollect ideas to build a strategy on industrial development until 2030, with avision to 2045.

Director of theinstitute Nguyen Van Hoi said that the seminar is the very first step indrafting a new strategy to replace the industrial development strategy 2014with a vision to 2025 as assigned by the Government.

The MoIT expects tosubmit the strategy to the Government for approval in the second quarter of2020.

Duong Dinh Giam of theVietnam Association of Economic Sciences said that in the context ofinternational integration and on the basis of existing resources, from nowuntil 2030, Vietnam should give the priority to completing the target ofindustrialisation and modernisation and becoming a modern industrial country.

It is also necessaryto focus national resources on forming and developing several industries whichhave international competitiveness to participate more in the global valuechain, Giam stated.

To become a modernindustrial country after 2030 with a vision to 2045, Vietnam should focus ondeveloping products which have high added and huge export values, developingsupport industry, applying high technologies in suitable fields, and graduallyreducing the use of non-renewable minerals and simple labour.

He stressed the needfor the State and the associations of industries to provide legal assistancefor businesses to address trade conflicts in international markets.

Pham Tat Thang, seniorresearcher at the MoIT, said that along with agricultural and fishery products,such products as garments, footwear, and ceramics are potential exports.

To boost the export ofthese products, it is important to develop support industry and deep-processingindustry, Thang stated, adding that it is also the development direction of theindustrial sector in the next 20-30 years./.