THE PRIME MINISTER
SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom- Happiness
No. 207/2005/QD-TTg
Hanoi, August 18th, 2005
 
DECREE
APPROVING THE STRATEGY ON DEVELOPMENT OF VIETNAMS CHEMICAL INDUSTRY TO THE YEAR 2010 (WITH A VISION TO THE YEAR 2020 TAKEN INTO ACCOUNT)
THE PRIME MINISTER
Pursuant to the December 25,2001 Law on Organization of the Government;
At the proposal of the Industry Ministry in Report No.412/TTr-CLH of September 23, 2003, Official Letter No.6207/CV-CLH of November 29,2004, and Official Letter No.3034/CV-CLH of June 10,2005, and the Planning and Investment Ministrys appraisal opinions in Official Letter no.3403/BKH-TD&GSDT of June 4,2004.
DECIDES:
Article 1: To approve the strategy on development of Vietnams chemical industry to the year 2010 (with a vision to the year 2020 taken into account) with the following principal contents:
1. Development viewpoint
a. Chemical industry is one of the key industries, which is given priority for development in line with the national socio-economic development strategy in each period.
b. The chemical industry shall be developed on the basis of attaching importance to economic efficiency and conformity with the international integration trend. The industrys structure shall be developed in a selective manner in the production of production materials and consumption materials, associated with the consolidation of national security, defense and food security.
c. The chemical industry shall be developed on the basis of mobilizing all resources at home and abroad, efficiently using natural resources such as minerals and tropical plants. Appropriate policies shall be developed to attract foreign investment for capital-intensive projects for which domestic capital is insufficient and which require high technologies.
d. The chemical industry shall be invested with advanced technologies so as turn out high-quality products competitive in price and ensuring the ecological environment.
e. The development of the chemical industry must be associated with industrial restructuring, re-distribution of productive forces on a national scale and acceleration of the process of economic restructuring.
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