AsemconnectVietnam - Resolution 82/NQ-CP on the development of key industries marks a very positive shift in Vietnam's industrial development policy thinking.

Focusing on enhancing internal capacity
Resolution 82/NQ-CP on the development of key industries focuses on two main pillars, including encouraging domestic production and manufacturing of key industrial products and developing supporting industries. This focus on these two pillars shows that the Government has correctly addressed the core "bottleneck" of the economy – enhancing internal capacity and increasing value in the production chain.
Notably, this orientation is entirely consistent with the success path of East Asian economies such as Japan, South Korea, and China. Japan, in particular, achieved breakthroughs by correctly selecting strategic industries and persistently investing long-term.
South Korea has built leading conglomerates like Samsung and Hyundai, thereby driving an entire industrial ecosystem. China, on the other hand, leverages its market size and strong policies to develop large-scale industrial clusters and gradually take control of the value chain.
Vietnam today is facing an unprecedentedly favorable context. The trend of global supply chain shifts following the "China +1" model, along with the wave of investment in high technology, green transformation, and global economic restructuring, is opening a very clear "window of opportunity." Accordingly, Vietnam is not only a manufacturing destination but is gradually becoming an important link in the regional industrial network.
In fact, the foundation for breakthroughs has already been formed. The presence of large corporations like Samsung and Intel not only brings export revenue but also creates a deep manufacturing ecosystem. This is the "launchpad" for Vietnamese businesses to advance to higher value-added stages, if they know how to take advantage of it.
Opportunities in a 10-year vision
In the 10-year vision, Vietnam has a solid foundation to focus on developing four key sectors: electronics and semiconductors (in suitable stages such as packaging, testing, and components), batteries and electric vehicle ecosystems, precision mechanics and automation, and energy equipment, especially renewable energy. These sectors are both aligned with global trends and have the potential for strong spillover effects to other fields.
More importantly, in the short term (3-5 years), Vietnam can make rapid and significant progress if it focuses on the right areas. Electronics and semiconductors in intermediate stages present the clearest opportunity, as we already have a production base and market. Simultaneously, supporting industries – especially precision mechanics – are opening up huge potential as the demand for domestic components continues to increase.
At the enterprise level, opportunities are also very specific and readily available. Models such as precision machining (CNC), manufacturing of engineering plastic components, surface treatment, factory engineering services, and industrial supply are all practical "gateways" for Vietnamese businesses to participate in global value chains. These aren't glamorous fields, but they provide a sustainable foundation where businesses can accumulate capabilities, build reputation, and achieve stable growth.
Of course, to capitalize on this opportunity, policies need to go a step further: from encouraging innovation with sufficiently strong incentives. This can be achieved by linking incentives to specific criteria such as localization rates, technology transfer, and the development of domestic suppliers. Simultaneously, nurturing leading enterprises and promoting linkages between FDI and domestic businesses will play a crucial role.
Overall, Resolution 82/NQ-CP is not just a policy document, but a signal that Vietnam is ready to enter a new phase of development – a phase of improving the quality of growth. If this opportunity is seized effectively, Vietnam can completely transform itself from a "manufacturing hub" into a truly competitive industrial economy.
The opportunity is clear, the foundation is in place. What remains is the steadfastness and determination to implement it. And if that is achieved, the next 10 years could very well be the period when Vietnam makes a leap forward in the global industrial value chain.
CK
Source: VITIC/congthuong.vn