Target set for development of national industrial products

Target set for development of national industrial products

The plan aims to develop the biotechnology industry along sustainable and environmentally friendly lines while promoting development of value chains integrating research, production and commercialisation.

Việt Nam plans to develop biotechnology industry into an important economic sector. Photo mst.gov.vn

An ambitious target has been set to develop nationally significant industrial products and domestically manufactured high-tech products under the industry and trade sector’s biotechnology development plan through 2030.

The plan, recently approved by the Ministry of Industry and Trade, outlines a roadmap to transform biotechnology into a key economic sector while strengthening capacity for innovation, manufacturing and commercialisation for domestic products.

Under the strategy, the industry and trade sector will accelerate the implementation of science and technology initiatives within enterprises to support technology adoption and upgrades, improve productivity and product quality, and increase the added value of products. By 2030, between 30 per cent and 50 per cent of products developed under the plan are expected to reach commercialisation. 

The plan aims to develop the biotechnology industry along sustainable and environmentally friendly lines while promoting the development of value chains integrating research, production and commercialisation. 

A key priority is to strengthen research ability and technological self-reliance, alongside modernising technologies and equipment used in processing industries that rely on Việt Nam’s major raw material resources.

The strategy also seeks to foster the development of biotechnology enterprises by encouraging large enterprises to invest in innovation, master core technologies and develop new and high-value products for domestic and international markets. 

Việt Nam will further promote the adoption of Fourth Industrial Revolution technologies and leverage trade advantages to enhance productivity, product quality, competitiveness and added value. 

In addition, the plan will support enterprises in brand development, market expansion and export promotion for biotechnology-based products with competitive advantages, helping position biotechnology as an economic pillar.

Looking ahead to 2045, Việt Nam plans to further advance research, technology development and innovation, while gradually mastering next-generation biotechnology platforms. The country also intends to expand development into emerging fields aligned with regional and global biotechnology trends.

Việt Nam also plans to develop biotechnology and bio-industry markets, establish concentrated production models in localities, and build specialised industrial clusters  that meet international standards and export requirements. 

Authorities aim to expand investment in biotechnology enterprises, accelerate industry growth and increase the market share of domestically produced biotechnology products.

Under the plan, biotechnology-based alternatives are expected to replace 30 per cent to 50 per cent of imported products, helping meet essential domestic demand and reduce reliance on imports.

Việt Nam targets to become one of Asia’s leading hubs for biotechnology manufacturing and smart services by 2045. 

Bizhub