Manufacturing and processing industry - Driving force for Vietnam's economic growth in the period 2011-2020

01/08/2021

Time: 2021

By: General Statistics Office

The achievements of industrialization - modernization process have created a great foundation for socio-economic development. In particular, the processing and manufacturing industry plays an important role, is the driving force for economic growth, replaces the agricultural sector, which has reduced its share in GDP, helps the economy avoid the risk of lagging behind and participates in the global value chain. Although development conditions in each period are different, in general, Vietnam's processing and manufacturing industry has had positive development, achieved many remarkable achievements and played an important role in creating the foundation for economic development. The facilities system of the processing and manufacturing industry with a large scale, various types and diversified in structure has been formed and meet the needs of the national economy. The added value proportion of the processing and manufacturing industry has increased in GDP; processed and manufactured products have been in many countries around the world; The capacity of processing and manufacturing businesses has constantly improved. In some industries, the level of the processing and manufacturing industry has gradually approached scientific and technological progress in the world and meet the needs of the domestic market and export to many countries with strict product quality requirements.

However, Vietnam's processing and manufacturing industry has still outsourced, has been dependent on foreign countries, not yet occupied a solid position in the global processing chain, and has lacked a foundation to independently develop. In addition, the processing and manufacturing industry has not been able to meet the needs of providing advanced production equipment and tools. Modern products can serve as a premise to turn Vietnam into a strong and sustainable economy.

In order to provide information to serve the policy-making process for the processing and manufacturing industry, the General Statistics Office performed the Topic "Manufacturing and processing industry - The driving force for Vietnam's economic growth in the period 2011-2020". The topic delves into understanding and analyzing the current situation and problems arising in the development process, thereby proposing solutions and policies to develop the processing and manufacturing industry in order to promote its dynamic role in the near future.

The Publication (in Vietnamese) is attached below: