The Prime Minister approved the Strategy for development of Vietnam’s mechanical engineering industry up to 2025, with a vision to 2035.
Overall objective, by 2035, Vietnam’s mechanical engineering industry will be developed with the majority of specialties with advanced technology, product quality up to international standards, further participating in the global value chain. , economical and efficient use of energy and fair competition in international integration; a team of professional, disciplined and highly productive workers who take the initiative in researching, designing and manufacturing mechanical products, basically meeting the demands of mechanical products of the domestic market.
Regarding exports, in the period to 2020, the export output will reach 35% of the total mechanical engineering output, and by 40% by the year 2030. By 2035, reaching 45% of the total mechanical engineering output.
Specifically, by 2025, to focus on developing a number of sub-sectors of automotive engineering, tractors, agricultural machinery, construction equipment, industrial equipment and electrical equipment, capable of meeting basic requirements. demand of the economy and a part of export; The contingent of mechanical engineering workers is fully qualified to meet the needs of modern production.

After 2025, to form a number of consultancy and manufacturing contractors capable of mastering the design and manufacture of sub-equipment groups, EPC bidding packages of industrial works; focus on supporting a number of domestic enterprises that have the potential to become strong corporations in the manufacturing sector, such as automobiles, agricultural machinery and electrical equipment; to form a system of industrial enterprises supporting the mechanical engineering industry up to the direct supplier standards for enterprises producing complete products, actively participating in the global value chain, with medium and medium-sized enterprises. Small plays the leading role.
The strategy sets out policies for implementation, continues to review amendments and supplements to policies to promote the mechanical engineering industry, including tax incentives (Corporate Income Tax, Import Tax), support measures. investment and business support under the Investment Law in the direction of simplifying administrative procedures; continue reviewing, amending and completing the system of mechanisms and policies to support the mechanical engineering industry in accordance with the law on investment and international economic integration commitments and the social market economy orientation. meaning to motivate the development of Vietnam’s mechanical industry, in close association with the development of dual-use industry; promote the development of supporting industries, increase the proportion of domestic production value, build production chains, assemble domestic mechanical products and actively participate in the world mechanical engineering production chain.
Focus on manufacturing important mechanical products
The Prime Minister asked to focus on developing a number of basic materials for mechanical engineering, in order to take advantage of the comparative advantages of domestic mineral resources with advanced technology level, high competitiveness and Environmental friendliness; create markets in selected sub-sectors, create a premise for mechanical engineering to master technology and improve manufacturing capabilities. Issue sanctions to protect domestically produced goods, in accordance with international commitments.
Attract potential multinational manufacturing corporations and brands with attractive incentives to implement focused and focused investment support policies, especially focusing on real estate projects. manufacturing important and competitive mechanical products with a sufficiently large market capacity; At the same time, focusing on promoting investment for small and medium-sized enterprises, especially in the supporting industry, towards selecting projects with quality, high added value, using current technology. Modern, environmentally friendly.

The State adopts policies to support enterprises in purchasing designs, technologies, renewing technologies and production equipment, applying advanced production management technologies and models to raise energy efficiency and talent. raw inputs, improving productivity, quality and competitiveness of mechanical products; diversify and differentiate products. Support for product branding and development or support the acquisition of branded global businesses, including R&D to shorten the development process.
The State prioritizes investment in upgrading mechanical engineering training institutions, associating training with practice; funding support for sending good cadres and workers to train and practice abroad under the approved programs and projects, step by step building up the work force of the chief engineers and chief engineers.
The State adopts a mechanism of credit interest rates for investment and working capital of loans for mechanical equipment manufacturers with sufficient market capacity; building information system of mechanical engineering to serve as a database for state management agencies and shared enterprises; promoting and promoting the role of professional associations in linking enterprises in the mechanical engineering industry, overcoming the division and dispersion in the mechanical engineering industry.



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