Vietnam making efforts to become world’s new manufacturing hub

This was affirmed at an international conference held by the World Bank, the State Bank of Vietnam, and the Vietnam Fatherland Front (VFF) Central Committee on Friday in Hanoi.

The event attracted the participation of 200 national and international experts, including the President of the VFF Central Committee Nguyen Thien Nhan. Despite achievements after 30 years of economic reforms, Vietnam still needs to form key industries, effectively carrying out agricultural industrialisation and developing supporting industries.

Besides, the country is urged to quickly utilise its resources while tackling its remaining problems. Experts also highlighted the need for appropriate allocation of bank credit, as it accounts for 90% of Vietnamese enterprises’ capital source.