Technology Key to Advanced Manufacturing

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VIETNAM, September 14 –

HÀ NỘI — The manufacturing sector is a driver of economic growth, but manufacturers are still ahead of their foreign rivals when it comes to basic technologiesaccording to insiders.

Phạm Tuấn Anh, deputy director general of the Industry Agency, Ministry of Industry and Trade (MoIT), attributed the technological inferiority to the limited resources of domestic companies and an inadequate workforce.

He said the manufacturing sector has grown asymmetrically with an overreliance on FDI firms. The economic over-representation of companies is visibly observed in the heavy industry sub-sector.

The sector’s dependence on imported materials aggravates the situation, resulting in domestic products with low added value. Industrial transition in recent years has undoubtedly been driven largely by FDI firms rather than domestic firms.

The Deputy Director General called for supportive policies to keep businesses well-informed about cutting-edge technologies and facilitate the emergence of large enterprises, which act as a catalyst for industrial leapfrogging.

He also said that not only the manufacturing sector should be heavily invested, but also the support industries, which supply the former with fuels, components and materials.

“We need supportive policies to help domestic industries including textiles, footwear and fishing maintain their low-cost advantages and lead the technology race,” he added.

Nguyễn Hữu Tú, Member of the Board of Directors of Việt Nam Chemical Corporation, revealed that the chemical industry is keeping up with domestic demand in terms of basic products, but this is not the case for products. high tech.

He took technical rubbers as an example, which domestic companies have limited mass production capacity. Imported rubbers must therefore fill the gap in demand.

“Domestic high-tech products still have a large room for growth,” he said.

The board member called for the implementation of government decision 726 to accelerate the growth of the chemical industry. He also suggested revising tax policies to level the playing field for domestic and imported fertilizers.

Finally, he called for favorable policies on land leasing in industrial parks and preferential loans for chemical producers to improve their competitive positions.

Đinh Quốc Thái, secretary general of the Việt Nam Steel Association, revealed that the steel industry produces up to 30 million tons of steel per year. However, 90 percent of the steel goes to construction work, while only 10 percent goes to other industries.

The disproportion can be attributed to the fact that some industries cannot find certain types of high quality steel near them. They have to rely on imported steel to fuel their production.

The Secretary General urged the MoIT to develop the Strategy for the Development of the Steel Industry to 2030 with a Vision to 2050, which is expected to foster the sustainable growth of the national steel industry.

He also called for supportive policies to boost steel-consuming industries such as automotive component manufacturing, thereby increasing the demand for domestically produced metal. — VNS.


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