Hanoi, May 26 -- Specifically, the average localization rate targets for key industries shall be as follows:
(1) Electronics industry: 25-30 percent by 2030 and 35-40 percent by 2035;
(2) Mechanical engineering: 40 percent by 2030 and 50 percent by 2035;
(3) Automotive industry: 22-30 percent by 2030 and 32-40 percent by 2035;
(4) Textiles: 60 percent by 2030 and 70 percent by 2035;
(5) Leather and footwear: 60-65 percent by 2030 and 70-75 percent by 2035;
(6) High-tech industry: 15 percent by 2030 and 20 percent by 2035.
The Government also aims to boost Viet Nam's industrial competitiveness index to among top three countries in ASEAN by the end of this decade.
The development of the supporting industries aims to build domestic pro...