Việt Nam to further develop biotechnology industry by 2030

October 13, 2021 - 07:01

The Government has approved a plan to further develop the biotechnology industry in Việt Nam, levelling it up to that of advanced industrial countries by 2030.

Research for a bio-technology product in SHTP Labs. — Photo sggp.org.vn

HÀ NỘI — The Government has approved a plan to further develop the biotechnology industry in Việt Nam, levelling it up to that of advanced industrial countries by 2030.

The plan sets out clear objectives for Việt Nam's biotechnology in the run-up to 2030. The focus will be on light industry, energy and commerce, with an emphasis on strong, green value chains for bio-products and biotech companies.

To achieve these objectives, Việt Nam needs to stimulate technological innovation and scale-up production, in order to cut costs by at least 25 per cent before 2025. By 2030, the number of biotech companies in Việt Nam should have increased by at least 50 per cent in the 2021-25 period.

The Ministry of Industry and Trade is in charge of organising, implementing and supervising the plan. The Ministry is also required to develop policies to mobilise social resources for the plan.

In April 2017, the Prime Minister set a target of at least 7 per cent of GDP being generated from biotechnology by 2030. — VNS

Car imports increase 37.5 per cent in 10 months

Economy

US initiates investigation into pharmaceutical capsule shells imported from Việt Nam

Economy

Conference promotes business expansion to the US

Economy

Việt Nam Regional Specialities Fair 2024 starts in Hà Nội

Economy

VN's food processing industry struggles to improve quality and value chain integration

Economy

Aviation stocks waiting for takeoff as businesses soar

More on this story

Economy

PM says Gov't to stand with businesses during pandemic

Prime Minister Phạm Minh Chính congratulated and sent his best regards to all Vietnamese entrepreneurs to mark Viet Nam Entrepreneurs' Day (October 13) during a meeting in Hà Nội yesterday.

Economy

Ascott, Sun Group pens partnership to manage Việt Nam's largest serviced residences

The partnership will introduce some of Ascott's most exclusive brands to the country for the first time.

Economy

Ministry suggests designating Bamboo Airways to run regular flights to US

The Transport Ministry has suggested the Foreign Ministry send a diplomatic note to the US on the designation of Bamboo Airways as an operator of regular flights between Việt Nam and the US.

Economy

PetroVietnam pushes ahead with vaccination campaign to keep up productivity

As a state-owned enterprise, and a mainstay of the economy, the Vietnam Oil and Gas Group (PetroVietnam) and its affiliates have strived to accomplish their dual goals of ensuring the health of their employees during the COVID-19 pandemic while limiting the impact on business and production.

Economy

VinFast’s sales up 51.4 per cent in September

Automaker VinFast, a subsidiary of conglomerate Vingroup, sold 3,497 vehicles in September, posting a month-on-month surge of 51.4 per cent despite the COVID-19 pandemic.

Economy

HDBank, Sacombank, ABBANK, and VNG named among best companies to work for by HR Asia

HDBank, Sacombank, ABBANK, and VNG have won the ‘Best Companies to Work for in Asia 2021’ award from HR Asia, an authoritative regional publisher in the human resources industry.

Economy

Việt Nam to pilot Mobile Money service for two years

Việt Nam will pilot Mobile Money service across the country for two years before officially launching it, according to Deputy Governor of the State Bank Đào Minh Tú.

Economy

Two thirds of HCM City industries reopen

The number of enterprises reopening at export processing zones and industrial parks in HCM City has reached 66.8 per cent, while at the Saigon Hi-Tech Park the rate is 74.3 per cent.