Vietnam PM Oks UNIDO-funded Project to Develop Industrial Sector

The Vietnamese Prime Minister Nguyen Tan Dung has approved the portfolio of the project funded by the United Nations Industrial Development Organization (UNIDO) to assist the building of development policies and strategy for the industrial sector. The project has a total investment of $1.08 million and will be carried out for 36 months, aiming to raise the institutional capacity of both the government and the private sector, thus helping improve the strategy for the sector as a whole and develop suitable policies for each specific industry. According to the industrial development strategy through 2025, with a vision to 2035, Vietnam’s industrial sector will develop with a sound structure in terms of industry and region. By 2035, Vietnam's industrial sector will develop with a majority of specialized industries meeting international standards in terms of technologies and product quality, deeply participating in the global value chain, using energy efficiently, and competing fairly in international integration. (http://baodautu.vn Mar 15)