Striving for the growth rate of Vietnam's petrochemical industry in Vietnam to reach 8-11% in the period 2031 - 2040?
- The development perspective of Vietnam's chemical industry in Vietnam in the near future?
- Striving for the growth of petrochemical industry in Vietnam to reach 8-11% from 2031-2040?
- Will Vietnam chemical industry on Vietnam develop with the majority of sub-sectors with product quality up to international standards?
The development perspective of Vietnam's chemical industry in Vietnam in the near future?
Pursuant to Clause 1, Article 1 of the Prime Minister's Decision 726/QD-TTg in 2022, the Prime Minister's point of view is to develop Vietnam's chemical industry to 2030, with a vision to 2040, with key contents the following weaknesses:
- Following closely the Directives, Resolutions of the Party, socio-economic development strategy, industrial development strategy to build the chemical industry as one of the fundamental industries, contributing to the development of the chemical industry. an important part in the cause of industrialization and modernization of the country, contributing to ensuring security and national defense.
- Restructuring to increase added value of products to improve productivity, quality, efficiency and competitiveness of the industry; better meet domestic demand and promote export of products; exploit international advantages and opportunities, actively participate deeply in the value chain of industrial production in Vietnam and the world.
- Fully aware, respect, and properly apply the objective laws of the market economy, in accordance with the development conditions of the country, develop the chemical industry on the basis of effective mobilization resources from all economic sectors; encouraging the development of the private economic sector in order to promote internal resources and build the sector's autonomy; combined with strengthening international cooperation to attract foreign investment, both in terms of capital attraction, technology and management experience, and operating model.
- Harmonious combination of breadth and depth development, rapid and sustainable development of the chemical industry, application of modern and environmentally friendly technologies, adaptation to climate change, efficient use of natural resource efficiency, towards green growth and circular economy; apply digital and digital transformation to increase the efficiency of production and business activities in the chemical field.
- The orientations and solutions for the development of the chemical industry must be implemented thoroughly and drastically with the participation of the whole political system, committees at all levels, central and local governments, businesses. industries of all economic sectors; associated with strategic priorities, key and key issues, suitable to the specific conditions of each region and locality to focus resources to ensure implementation in a substantive and effective manner; associated with the responsibility of the authorities at all levels in ensuring the completion of tasks to achieve the set goals.
Striving for the growth rate of Vietnam's petrochemical industry to reach 8-11% in the period 2031 - 2040?
Striving for the growth of petrochemical industry in Vietnam to reach 8-11% from 2031-2040?
Pursuant to Point b, Clause 2, Article 1 of Decision 726/QD-TTg in 2022 of the Prime Minister has set specific goals to develop Vietnam's chemical industry by 2030, with a vision to 2040 as follows. :
- Strive to achieve an average growth rate of the chemical industry of 10 - 11% per year and the proportion of the chemical industry in comparison with the whole industry to about 4-5% by 2030; In the period to 2040, the growth rate of the chemical industry will reach an average of 7 - 8%/year and the proportion of the chemical industry compared to the whole industry will maintain about 4-5%.
+ The group of petrochemical products, pharmaceutical chemicals, technical rubber, and basic chemicals will reach 10 - 12%/year in the period of 2021 - 2030; the period 2031 - 2040 will reach an average of 8 - 11% per year.
+ The group of fertilizers, plant protection chemicals, chemical power products, cleaning products, industrial gases, tire products and paint - ink will reach 3-5%/year in the period of 2021 - 2030 and the period 2031 - 2040 average 4-6%/year.
- By 2030, maintain a level to meet domestic demand for fertilizers such as urea, phosphorus, NPK, plant protection products, tires, industrial gases, paint - common printing ink, bleach. washing, common batteries and developing export markets. Partially meet the domestic demand for ammonium sulfate fertilizer products. Increasing the average capacity of petrochemical products to meet domestic demand by 40%, plant protection chemicals to 30%, basic chemicals to 70%, technical rubber to 40%, and batteries to 40%. 75%.
By 2040, to partially meet the domestic demand for basic organic chemical products, special paints, and high-tech batteries and accumulators. Increasing the average capacity of petrochemical products to meet domestic demand by 60%, plant protection chemicals to 50%, basic chemicals to 80%, technical rubber to 50%, and batteries to 50%. 80%.
- Striving for an average export growth rate of 9 - 11%/year in the period of 2021 - 2030, an average growth of 7.5 - 9%/year in the period of 2030 - 2040.
Balance the trade balance in the period of 2021 - 2030, towards maintaining a sustainable trade surplus in the period of 2030 - 2040; towards a trade balance with healthy and reasonable partners, thereby ensuring sustainable growth in the long term.
Accordingly, the goal of developing each field in the chemical industry with specific growth rates is in accordance with the above regulations.
Will Vietnam chemical industry on Vietnam develop with the majority of sub-sectors with product quality up to international standards?
According to point a, clause 2, Article 1 of the Prime Minister's Decision 726/QD-TTg in 2022, the general objectives are as follows:
By 2030:
- To build a chemical industry with a relatively complete structure, including production of means of production and means of consumption, serving many other industries; better meet domestic demand and boost exports; Prioritizing the development of a number of key sub-sectors such as basic chemicals, petrochemicals, technical rubber, pharmaceutical chemistry, fertilizers..
- Forming a value chain, deeply participating in the industrial production network of Vietnam and the region. Reasonable and economical use of resources; applying modern technology, digital economy and digital transformation to add added value, improve the competitiveness of the industry, promote capital accumulation of economic groups operating in the chemical field.
- Reasonable distribution of production forces by industry and territory, effectively forming and promoting concentrated industrial zones and clusters, large-scale chemical production complexes.
By 2040:
Vietnam's chemical industry is developed with the majority of sub-sectors having advanced technology, product quality meeting international standards, deeply participating in the global value chain, using energy economically and efficiently. fair competition in international integration; professional, disciplined and productive workforce; taking initiative in research, design, manufacturing, mastering the production technology of a number of high-quality products; promote internal resources, contribute to the development of an independent and self-reliant Vietnamese economy.
Accordingly, the development of Vietnam's chemical industry to 2030, with a vision to 2040 is carried out according to the above general goals.
Lê Nhựt Hào
