According to the strategy, the chemical industry will strive to achieve an average annual growth of 10 - 11% and its contributions to the industry will reach about 4-5% by the end of 2030. In the period to 2040, it will aim for average growth of 7 - 8% a year and its contributions to the industry will be maintained at about 4-5%.

According to the strategy, Vietnam's chemical industry will shift towards a modern pattern that consists of 10 sub-sectors. Existing production facilities will be rearranged to enhance concentration and scale; installed with more advanced technologies. Meanwhile, it will discourage small producers from using outdated technology, having low resource efficiency, poor product quality and causing environmental pollution.

State-owned chemical enterprises will be encouraged to foster innovation, reorganization and operational performance, enhance State budget efficiency, and overcome scattered, ineffective investment.

In addition, the strategy underlines a strong shift to FDI inflows for priority fields and products, projects with advanced, modern and environmentally friendly technologies and with high social and economic efficiency.