Vietnam aims to become major biotechnology manufacturing hub by 2030-Xinhua

Vietnam aims to become major biotechnology manufacturing hub by 2030

Source: Xinhua| 2023-02-08 15:33:30|Editor: huaxia

HANOI, Feb. 8 (Xinhua) -- Vietnam has set a target to become Asia's top 10 manufacturing hubs in terms of biotech production and smart biotech services by 2030, local media reported on Wednesday.

By 2030, domestically produced biotech products will replace half of imported products, positioning the country as a major player in the global biotech market, local newspaper Vietnam News reported.

The newspaper cited a resolution recently by the politburo as saying that biotechnology has been intensified as an important driving force in transforming growth models and restructuring Vietnam's economy.

As the modernization efforts of labs and evaluation center must be expedited, a national-level biotech center will soon be operational with several control centers to be built according to international standards for disease surveillance, prevention and control, the resolution said.

Enterprises will be key to the development of biotechnology, and there must be breakthrough mechanisms and policies to facilitate the investment of all economic sectors, especially the private sector into this field, it said.