Deeper integration into the global value chain while developing an increasingly independent and self-controlled economy are both a requirement and a solution to help Vietnam overcome the challenges to realise its goal of rapid and sustainable development, according to Party Central Committee and Minister of Industry and Trade Tran Tuan Anh.
Party Central Committee member and Minister of Industry and Trade Tran Tuan Anh speaks at the discussion session (Photo: VNA) Deeper integration into the global value chain while
developing an increasingly independent and self-controlled economy are both a
requirement and a solution to help Vietnam overcome the challenges to realise its
goal of rapid and sustainable development, according to Party Central Committee member and Minister of Industry and Trade Tran Tuan Anh.
Anh made the statement in his presentation at discussions on January 28 during the
on-going 13th National Party Congress.
Placing emphasis on the importance of the industrial sector, he said it has
been a driver for socio-economic development and the realisation of the country’s
industrialisation and modernisation.
Along with the achievements brought about by the “Doi Moi” (Renewal) policy, he
highlighted several challenges in industrial development. The sector at present
mainly engages in simple, low-added value processes such as assembling, a shortage
of uniform development, and suffers from loose links in the sector itself and between
different sectors.
The official emphasised the need to follow the Party’s view that while outside
resources are important, internal strength plays the decisive role. Therefore,
it is necessary to sharpen the focus on promoting restructuring and improving
the internal strength of the industrial sector, developing domestic enterprises
and major firms in digital transition and high technology that can play a key
role in spearhead sectors.
The allocation of resources for development should be carried out in an
effective manner, he went on, while due attention should be given to promoting
the role of the non-State economic sector, particularly private enterprises,in
manufacturing, basic industries, services, wholesale and retail sales, and
agricultural processing, among others.
Meanwhile,
Y Thanh Ha Nie K’dam, alternate member of the Party Central Committee and
Secretary of the Party Committee of the Central Enterprises’ Bloc, recommended that
the Party and State adopt several measures to complete mechanisms and policies
to promote the sustainable development of State-owned enterprises, making
contributions to ensuring the pivotal role of the State-run sector.
He also proposed setting up an organisation to take charge of the investment of
State capital in State-owned firms./.