On September 18, 2013 the Prime Minister issued Decision No. 1621/QD-TTg on approving the plan of development of Vietnam’s chemical industry to 2020 vision 2030.

Accordingly, the Prime Minister has set out a number of directions, key objectives for each specific group, such as till 2020 investing in modern technologies and renewing equipment and management to meet the basic raw materials for the pharmaceutical industry; building new factories of plant-derived natural products and semi-synthetic with the capacity of 150-200 tonnes / year, inorganic pharmaceutical and conventional excipients with the capacity of 200-400 tonnes / year, cephalosporin antibiotic I with total capacity of 600 tons / year, some other essential medicines (fever relievers, anti-inflammatory analgesic, antibacterial) with the capacity of 1,000 tons / year; sorbitol production with the capacity of 30,000 tonnes / year to meet the raw material for Vitamin C production with a capacity of 1,000 tons / year, and more ...

Simultaneously, for group of rubber products, the Government focused on the investment in the renewal of equipment, technology, expansion of existing production facilities up to 15 million automobile tires / year; expansion of technical rubber production in existing plants and building new production plant: 700,000 m2 and conveyor belts clad steel wire, steel wire 1.0 million meters / year; construction of carbon black production plant with the capacity of 115,000 tons / year to produce black coal as raw materials for rubber products, etc ...

For group of plant protection chemicals, the purpose is to promote production and processing plant protection chemicals, meeting domestic demand in 2020; apply production technology, advanced processing to create the product easy to use, eco- friendly, biodegradable products… towards 2030.

Regarding growth targets, the country aimed for an average growth rates between 14% and 16% and the share of chemical industry to account for up to 14 percent of the whole industrial sector by 2020, and 15 percent by 2030…

BBT