Vietnam approves 2025 maritime industry and trade development plan

Accordingly, the industry will be an important economic sector of the country with high and stable growth, contributing to shifting the maritime economic structure towards industrialisation, modernisation and high-quality service and commerce.

The total average growth of industrial production value in coastal areas is aimed to reach 9.0-9.5% per year in 2016-2020, and between 10.5-11% per year in the period of 2021-2025.

The project defined an orientation for developing potential sectors such as coal mining and processing, oil and gas, chemicals, thermal power and renewable energy production, mechanics, metallurgy, and aquatic product processing.

Special priority will be given to the development of products with high competitiveness, those in global production chains in the fields of mechanics, electricity and chemicals.

Attention will also be paid t....

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