Vietnam aims to become industrialised world exporter by 2030

A production line of electronic components at Suntech Vietnam Technology Co Ltd. The MoIT has proposed a restructuring plan for Việt Nam's industries with a focus on the development of supporting industries. - VNA/VNS

HANOI (Vietnam News/Asia News Network): Vietnam has set a target of becoming an industrialised country with highly competitive industries, and among the world's top 15 largest exporters by the end of 2030.

According to a report by the Ministry of Industry and Trade (MoIT), the country's immediate target is to develop 20 products with strong international brands, to strengthen its position in the global supply chain, to bring its supporting industry's capacity to meet 70 per cent of domestic demand and localisation of production to 45 per cent.