Vietnam Aims for Top Three Spot in Southeast Asia’s Industrial Competitiveness by 2030

Vietnam is striving to rank among the top three Southeast Asian nations in industrial competitiveness by the end of this decade, a goal set by the Ministry of Industry and Trade. According to the ministry’s action plan, the country’s industrial sector targets a contribution of over 40% to its GDP by 2030, with the manufacturing and processing industries alone projected to comprise around 30%.

The plan also sets an ambitious target for value-added output, aiming for the manufacturing and processing sector to achieve over $2,000 in per capita value added. To reach these objectives, Vietnam intends to develop a range of large-scale industrial corporations and enterprises capable of competing internationally in foundational, priority, and key industries.

Vietnam’s national index of industrial production rose 8.34% year-over-year in the first nine months of the current year, according to recent data from the General Statistics Office.

Have you read?
World’s Best Countries To Invest In Or Do Business.
World’s Most Startup-Friendly Countries.
World’s Best Countries For Quality of Life.
Largest Economies Europe In 2024.
GDP of the BRICS countries (2000 to 2028).