High-tech products to account for 45pct of GDP by 2020

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VOV News English - 35 month(s) ago 7 readings

High-tech products to account for 45pct of GDP by 2020

(VOV) - Science and technology have significantly contributed to promoting the restructuring and growth of the national economy and the rising value of high-tech products will account for 45 percent of GDP by 2020.

This is projected in a scientific and technological development strategy in the 2011-2020 period recently approved by the Prime Minister.

According to the strategy, the value of transactions in the scientific and technological market will increase by 15-17 percent annually.

By 2015, there will be 9 – 10 scientific and technological researchers among 10,000 people. Around 5,000 engineers will be trained by international standards to manage high-tech production lines in key sectors.

By 2020, 60 scientific and technological research and application organizations will be formed by regional and international standards. While 60 training establishments and 5,000 businesses in this field will be also established.

The strategy aims to restructure the national scientific and technological development system and encourage state-owned organizations to be self-responsible for their own operations.

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