Prime Minister: Industrial development must rely on distinct potential

Policy dialogue session on the afternoon of September 25 - Photo: QUANG DINH

Prime Minister Pham Minh Chinh sent a message and development orientation for Vietnam in general and Ho Chi Minh City in particular at the Policy Dialogue Session on the afternoon of September 25. This activity is within the framework of the Ho Chi Minh City Economic Forum 2024.

Identifying national strengths for transformation

Prof. Dr. Keun Lee - PhD in Economics, University of Canada, former Vice President of the National Advisory Council of Korea - has made proposals to help Ho Chi Minh City learn from the experiences of pioneering regions such as Taipei (Taiwan) and Shenzhen (China), especially in the context of the city's efforts to promote technology development and promote the development of domestic enterprises.

According to this expert, the development model of Taipei and Shenzhen can be a useful lesson in promoting the development of indigenous enterprises. Unlike the development model of Penang (Malaysia), which depends on multinational corporations (MNCs), Taipei and Shenzhen have succeeded in creating strong indigenous enterprises, helping them quickly catch up with advanced countries.

Accordingly, the two cities of Taipei and Shenzhen have implemented more robust public intervention policies than Penang to promote the development of indigenous enterprises. This includes providing quality human resources through professional and skills training programs.

To promote technological innovation and domestic technology ownership, experts recommend that Vietnam needs to have a transformation strategy after the initial stage of learning from foreign knowledge sources. This is an important step to help Vietnam quickly catch up with technologically advanced countries.

Prof. Dr. Keun Lee - PhD in Economics, University of Canada - shares about escaping the middle-income trap and experiences for Ho Chi Minh City - Photo: QUANG DINH

Experts also suggested that Vietnam needs to make efforts to promote technology transfer from foreign enterprises to domestic enterprises.

Also emphasizing the role of technology, Mr. Trinh Huong Dong, Deputy Mayor of Chongqing City (China), emphasized the need to promote the establishment of a new Land-Sea Corridor Transit Center in Hanoi and Ho Chi Minh City, expanding the scale of importing high-quality agricultural products from Vietnam such as fruits, seafood, rice, etc.

"It is necessary to study bringing Vietnamese specialties such as coffee, durian, and cashew nuts to online and offline platforms, forming a hub for distributing goods from Chongqing to inland areas of China," said Mr. Trinh Huong Dong.

Experts believe that if Vietnam applies these strategies effectively, the transition to a high-tech economy will be accelerated, helping the country catch up with and surpass advanced countries in the region.

Vietnam carries out digital transformation and green transformation in parallel

Mr. Nguyen Quoc Phuong, Deputy Minister of Planning and Investment, said that the five-year and annual plans have outlined specific steps in restructuring the economy.

The Prime Minister believes that circular economy is becoming a trend - Photo: QUANG DINH

Going deeper into promoting transformation with the industry, there is an emphasis on two transformation processes (dual transformation), which are digital transformation and green transformation going hand in hand. Currently, to successfully implement, promoting innovation is an urgent requirement.

Mr. Le Xuan Dinh, Deputy Minister of Science and Technology, also said that the draft Law on Science, Technology and Innovation is being drafted and revised. Regarding the draft law, there are fundamental changes in the subjects of regulation.

Previously, the budget was used for public units to conduct research projects. This draft law will use socialized resources for scientific and technological activities. It will create conditions for businesses to absorb technology and increase innovation.

In response to the responses of representatives of ministries and branches, Prime Minister Pham Minh Chinh affirmed: "The world has implemented circular economy for a long time and Vietnam has also implemented it, but in the context of resource depletion, environmental pollution, and population growth, this issue has just received adequate attention, with the goal of making circular economy a trend and movement.

Vietnam in general and the Government in particular are focusing on two contents: Raising awareness and building mechanisms and policies to mobilize resources from the people, all people participate in implementing the circular economy. This is an important and decisive factor".

Source: https://tuoitre.vn/thu-tuong-phat-trien-cong-nghiep-phai-dua-vao-tiem-nang-khac-biet-20240925163315367.htm