National Industry Promotion Program boosts rural production

Jan 12th at 12:35
12-01-2021 12:35:35+07:00

National Industry Promotion Program boosts rural production

Technical demonstration and technology transfer models are considered an effective solution to increasing the value of rural industrial production as well as improving competitiveness and expanding production scale.

National Industry Promotion Program boosts rural production
Technical demonstration models efficiently support rural industrial production

Although production technology innovation is essential for manufacturing, many domestic enterprises still have difficulties acquiring and deploying advanced equipment due to its costs. The development of technical demonstration models is therefore considered an effective option in national industry promotion to encourage and promote investment and technology transfer. This is also the first item in the National Industry Promotion Program (NIPP) for the 2021-2025 period recently approved by the Prime Minister.

The NIPP seeks to create favorable conditions for rural industrial establishments to access digital development opportunities, improve productivity, quality, and competitiveness and effectively implement the roadmap for international economic integration. Implementation of the NIPP in the past has had spillover effects for localities, supporting products with competitive advantages. For example, a project to boost agricultural processing in northern provinces and cities for the period of 2019-2020, developed by the Center for Industry Promotion and Development Consultancy 1, has promoted efficiency, significantly improving the value of agricultural products. Although Vietnam’s strength lies in its agricultural products, which yield billion-dollar export turnover annually, due to the small production scale and outdated technology, product quality is not sufficiently high.

The NIPP has supported the development of technical demonstration models to produce agricultural products at the The Gia Traditional Medicine and Oriental Medicine Manufacturing Co., Ltd. in Van Chan District, Yen Bai Province and models of agricultural production for export at the Tan Phat Agricultural Products Export Company Limited in Vu Ban District, Nam Dinh Province. The plan also supported three rural industrial agricultural processing establishments in order to invest in the application of advanced production equipment. As a result, these models promoted efficiency and good quality and met market demand, also generating higher revenues.

The NIPP for the 2021-2025 period will continue to not only support the building of technical demonstration models, technology transfer and application of advanced machines, scientific and technical advances in industry and craft production, but also build a pilot model for cleaner production through pollution treatment systems for rural industrial establishments.

The National Industry Promotion Program for the 2021-2025 period aims to build 340 technical demonstration and technology transfer models, apply 1,600 modern machines, equipment and 300 advanced technological lines in industrial and craft production, and assess cleaner production investment for 300 rural industrial establishments.

VietNam Economic News



NEWS SAME CATEGORY

State-run cement producer VICEM posts annual increase of US$30 million in profit

The company sets a revenue target of over VND35 trillion (US$1.5 billion) in 2021, up 7% year-on-year, and pre-tax profit of VND2.3 trillion (US$99 million), or an...

Petrovietnam calls for investment in its newly-found gas fields

Prime Minister Nguyen Xuan Phuc requested the group to strengthen cooperation with foreign partners, mostly Russians to tap potential for further development and...

Building materials market forecast to be robust in 2021

The building materials market is forecast to be robust this year, with the demand fuelled by the increase in infrastructure development investment and the recovery...

Expansion of Hoa Binh hydropower plant begins in northern Vietnam

Vietnam's Prime Minister Nguyen Xuan Phuc attended the ground-breaking ceremony of the expansion project of Hoa Binh Hydropower Plant in northern Hoa Binh Province...

U.S. has yet to work out plans to tax Vietnamese imports

The U.S. Trade Representative (USTR) has yet to make any decisions on imposing duties on Vietnamese goods shipped stateside, the Ministry of Industry and Trade...

Forum discusses warehouse industry trend in Viet Nam

Viet Nam’s logistics industry has grown tremendously alongside the upsurge in the demand for home delivery in 2020 despite the impact of the COVID-19 pandemic...

Ninh Thuan working to establish itself as national renewable energy centre

With highly favourable natural conditions, the south-central coastal province of Ninh Thuan is preparing a plan to become a renewable energy centre in Vietnam and...

Vietnam targets US$14-billion forestry exports in 2021

Vietnam exported US$13.17 billion worth of timber and forestry products in 2020, 5.4% above the year’s plan and up 16.4% year-on-year.

Hanoi agriculture strives to grow at least 3% this year

The city has mapped out specific solutions to ensure farm production goals, while minimizing the impact, towards sustainable development.

Investments in HCM City industrial parks surge

HCM City’s industrial parks and export processing zones attracted US$747.6 million worth of investment last year, a 15.7 per cent increase from 2019.


MOST READ


Back To Top