tailieunhanh - Orientations to the development of Vietnam’s supporting industries between 2015 and 2020

This paper addresses the orientations and solutions to the development of Vietnam’s supporting industries (SIs) between 2015 and 2020. Apart from identifying barriers to and/or limitations of policies on their development, the findings pinpoint five. | 2 Nguyen Trong Hoai & Huynh Thanh Dien / Journal of Economic Development 22 (3) 02-25 Orientations to the Development of Vietnam’s Supporting Industries between 2015 and 2020 NGUYEN TRONG HOAI University of Economics HCMC – hoaianh@ HUYNH THANH DIEN 28. CORPORATION (Agtex. Corp.) – thanhdien82@ ARTICLE INFO ABSTRACT Article history: Inheriting extensive experience of foreign countries together with secondary data adopted in a qualitative research study, this paper addresses the orientations and solutions to the development of Vietnam’s supporting industries (SIs) between 2015 and 2020. Apart from identifying barriers to and/or limitations of policies on their development, the findings pinpoint five SIs worthy of notice for mechanical appliances, plastics and rubber, electrical/electronic equipment, textile and garment, and leather and footwear. To drive these along their right track, priority should be given to consolidating the organization in support of SIs’ development, cultivating support for premises and access to attractive markets, and transferring technological advancement that enhances competitiveness of firms in the field. Received: Dec. 27. 2014 Received in revised form: Mar. 23. 2015 Accepted: Jun. 28. 2015 Keywords: supporting industries, industrialization. Nguyen Trong Hoai & Huynh Thanh Dien / Journal of Economic Development 22 (3) 02-25 3 1. Introduction An objective set for Vietnam during its process of industrialization until 2020 is to basically become a modern industrialized country. However, the development of national industries increasingly exposes many shortcomings, especially no success in eliminating overdependence on imported input materials and foreign-provided auxiliary products. Many causes contribute to the problems thereof, whose roots may partially be some of the SIs’ drawbacks; thus, it is necessary for certain research to put forward orientations and .