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This is one of the contents prescribed in the Approving the Strategy on Vietnam's chemical industry development through 2030, with a vision toward 2040 approved by the Decision No. 726/QD-TTg dated June 16, 2022, of the Prime Minister.
Accordingly, the Strategy sets the specific targets through 2030, with a vision toward 2040 as follows:
- To strive that the average growth rate of the chemical industry will reach 10 - 11 % per year and the proportion of the chemical industry will account for around 4 - 5% of the whole industry by 2030.
The average growth rate of the chemical industry will reach 7 - 8% per year and the proportion of the chemical industry will maintain around 4 - 5% of the whole industry by 2040.
Within that, the product group of petrochemistry, pharmaceutical chemistry, technical rubber, and base chemicals will reach 10 - 12% per year during 2021 - 2030 and 8 - 11% per year during 2031 - 2040
The product group of fertilizers, crop protection chemicals, chemical power products, detergents, industrial gases, tire products and paint - printing ink will reach 3 - 5% per year during 2021 - 203 and 4 - 6% per year on average during 2031 -2040.
- By 2030, to maintain the level to meet domestic demand for fertilizers such as urea, phosphorus, NPK, crop protection products, tires, industrial gases, common paint - printing ink, detergents, common batteries, and develop the export markets.
