STRIVE TO 2030, THE PROPORTION OF LABOR IN THE INDUSTRIAL AND SERVICE SECTORS WILL SURPASS 70%
The Government issues the Resolution No. 124/NQ-CP promulgating the Action Plan on implementation of the Political Bureau’s Resolution No. 23-NQ/TW dated March 22, 2018, on the national industrial development policy orientations through 2030, with a vision toward 2045 on September 03, 2020.
Accordingly, for the implementation of the Resolution No. 23-NQ/TW, the Government sets the following goals to 2030: The industrial sector will account for over 40% of GDP, in which manufacturing and processing industries will make up about 30% and the manufacturing industry alone will account for over 20%; The value proportion of hi-tech products from the processing and manufacturing industries will reach at least 45%; The proportion of labor in the industrial and service sectors will surpass 70%.
In order to achieve the above-mentioned goals, the Government assigns the Ministry of Planning and Investment to coordinate with ministries and branches in formulating a policy for spatial redistribution to ensure concentration and focus, first of all, to choose development in regions and localities where industrial clusters have initially been formed or where advantages in transport infrastructure, geo-economics, natural resources, labor and logistics exist, that are capable of becoming the engine of growth.
Besides, the Ministry of Information and Communications shall coordinate with the Ministry of Planning and Investment in studying and formulating policies on foreign direct investment (FDI) attraction in the direction of prioritizing projects applying “high, new, clean and economical" technologies, using a lot of domestically produced raw materials and accessories, with a high proportion of spending on scientific and technological research and development in the country.
This Resolution takes effect on the signing date.
