The statement was made by THACO President Pham Van Tai at International Conference on Ho Chi Minh City's Industrial Development to 2030, vision towards 2050 which was organized by the city Department of Industry and Trade in partnership with the city Institute for Research and Development last Wednesday.

According to the THACO President, if the city is to develop, each industry must have a "strong leader" to lead the change and the change must continue day by day, and so does the corporate culture. To do so, the city must define industrial development plans, not only for itself, but the whole southern region. It is necessary to establish centers to facilitate the development.


At the conference, experts brought up development suggestions, such as accelerating the industry restructuring, improving technology research activities, innovating industrial production, changing policies, creating a favorable environment for R&D and training, popularizing and improving training at universities, vocational institutions, research institutes and more.

Industry now accounts about 20% of the city's GRDP, about 30% of industrial output in the southern key economic region, and over 10% of the national industrial production scale. By 2030, the city's industry expects to achieve an advanced level of development and high added values, especially in four key industry sectors. By 2045, the city sets the goal to become an industrial research and development center of Vietnam and Southeast Asia.