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Five industrial corridors developed for Red River Delta

VGP – The Minister of Industry and Trade has approved the industrial development plan for the Red River Delta till 2025, with vision to 2035.

October 19, 2016 5:16 PM GMT+7

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Five industrial corridors will be developed including Ha Noi-Hai Phong, Ha Noi-Noi Bai-Ha Long, Ha Noi-Viet Tri through Vinh Yen City, Ha Noi-Lang Son economic corridors and coastal economic corridor.

The plan aims to make the Red River Delta to become a region with modern technologies, competitive integration, high quality and environmentally friendly products, meeting fundamental requirements of the economy and having a skilled working force by 2025.

The industry sector will make up 40-45% of the regional economic structure.

By 2035, the region will promote advanced technology, produce international-standard products, intensively join the global value chain and provide skilled labor forces.

To achieve the goal, the region should transform economic structures, accelerate advantageous areas such as electronics, mechanics, automobile, health equipment, pharmaceutical industry, cosmetics, building materials, garments, footwear, agriculture, aquatic and forestry processing.

Internal and external regional connections will be enhanced to form an industrial production network and commodity distribution to effectively and economically use resources, improve the competitiveness of the industry and encourage auxiliary industries.

By Thuy Dung