Decision No. 1043/QD-TTg approving Vietnam's industrialization strategy within the framework of Vietnam-Japan cooperation through 2020 with a vision toward 2030.

This Decision approves Vietnam's industrialization strategy within the framework of Vietnam-Japan cooperation through 2020 with a vision toward 2030 with the following major objectives: a) Vision: strongly develop six priority industries, including electronics, agricultural machinery, agricultural fishery product processing, shipbuilding, environment and energy saving and automobiles and auto parts manufacturing, into spearhead industries of the economy with high added value and international competitiveness. Industries prioritized for development in the industrialization strategy have a leading role in promoting the attraction of investment from domestic and foreign enterprises, first of all Japanese ones, and creating a spillover of technology and skills for the industry in particular and Vietnam's economy in general. b) Viewpoints: the industrialization strategy contributes to the implementation of Vietnam's general policy on industrial development focusing on the development of the six selected priority industries on the basis of effectively tapping potentials and comparative advantages of Vietnam to develop internationally competitive industries.
Overall objectives: prioritize the development of the six selected areas in order to promote technology innovation, increase productivity and build international competitiveness; develop products with high added value, technology spillover and up to advanced quality standards for export and domestic consumption. The Specific objectives are: to formulate and organize the implementation of a specific and feasible action plan for each of the six selected industries through 2020 with vision toward 2030; to focus on a number of sub-sectors and strategic products; and to implement pilot projects in each industry and sub-sector if necessary. Vietnam and Japan cooperate in attracting Japanese quality investment projects into priority industries and relevant sectors. To mobilize the utmost participation of Vietnamese and Japanese governments, businesses and scientists in the whole process of building, implementing and assessing the efficiency of the selected industries' development.