Vietnam has planned to develop industries with high export value or playing important role in the country's economy from now until 2010, Vietnam News Agency reported Tuesday.

Under the list recently submitted by the Ministry of Industry to the Vietnamese government for approval, the industries include textiles and garment, footwear, plastic, woodwork, agro-forestry processing, steel, aluminum bauxite exploitation and processing, chemicals, engineering, information technology, telecommunications, electronic equipment and new hi-tech products.

Vietnam will give state credits, and capitals from the state budget and official development assistance (ODA) to the industries, helping them develop their own material areas.

It will also assist special projects approved by the government to borrow foreign loans, finance part of environmental protection projects, directly invest in a number of key national projects, create a stable credits mechanism for other projects, and issue government bonds when necessary.

Particularly, the country will financially help a number of manufactures of key industries conduct research, produce products in experimental period and apply new technologies.

Vietnam posted industrial production value of 365 trillion Vietnamese dong (nearly 23 billion U.S. dollars) in the first nine months of this year, a year-on-year increase of 16.8 percent, according to the ministry.

Source: Xinhua