To meet the nation's capital requirements, the Prime Minister lately permitted a five-year industrial growth strategy and it anticipates investment to reach between VND640 and 670 trillion (US$40-42 billion) by 2010.
Intended for developing Vietnamese industries as per its National Geography during 2010 and beyond 2020, the Government has laid down the norms six diverse regions.
Overseas capital sources would occupy a significant role in implementing the plan, sources said.
Five to six percent of fresh funds anticipated from Official Development Aid (ODA) and another 27 percent from distant direct investment capital and the rest would be mobilized from State funds, it said.
As per the strategy Region 1 comprising 14 zones in the northern mountainous area would concentrate on developing hydroelectric power, agro-forestry yield, mineral exploitation and dispensation, and manufacturing chemicals, fertilizer, and construction supplies.
The zone was set an objective of raising the share of basic industries to account for 37-39 percent of gross industrial production value by 2010.
Strategy for Region 2- with 15 zones in the Song Hong (Red River) Delta and the north central area, targets on developing machinery, thermo-electricity, electronics and information technology (IT), and mineral exploitation and dispensation.
The zone is to persist on boosting garment and footwear industries to bolster export demand, and also focus on the agro-forestry and seafood processing industries.