Business

Hanoi to build more industrial clusters

The capital city of Hanoi aims to build 30 more new industrial clusters by the end of 2019.
Hanoi to build more industrial clusters ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Hanoi aims to build 30 more new industrial clusters by the end of2019.

According to the municipal Department ofIndustry and Trade, in January-June, the industrial value grew by 7.71 percentagainst the same period last year, contributing 1.51 percentage points to thecity’s gross regional domestic product (GRDP) growth of 7.21 percent.

Though the growth was lower than that of thesix-month period in 2018 (7.97 percent), the industrial production witnessed a strongrecovery in the second quarter, up 8.41 percent as compared to 6.94 percent inthe first quarter.

Hanoi is nowhome to 70 industrial clusters covering 1,337 hectares and having about 3,100 operationalproduction facilities.

Of which, there are three concentratedindustrial clusters, namely Chuong My covering 50 hectares, Son Tay 70hectares, and Phuc Tho 55 hectares.

This is the basic condition to develop craftvillages, rural economy, and call for investment to develop the city’sadvantageous industrial sectors.

In January-June, industrial parks attracted sixnew investment projects with total registered capital of 1.9 million USD and 65billion VND (2.8 million USD) and 10 expanded projects worth 44.9 million USDand 240 billion VND (10.3 million USD). 

Hanoi is the only locality in the country tobuild a policy on developing key industrial products. So far, the city hascreated 61 such products which have revenues of 1 trillion VND (43.2 millionUSD) or more.

Le Hong Thang, Director of the municipalDepartment of Industry and Trade, said the city has policies to develop supportingindustries and it welcomes investment projects using high and environmentallyfriendly technology in industrial parks and clusters.-VNA

VNA
#industrial clusters #Department of Industry and Trade #January-June #gross regional domestic product (GRDP) growth #develop craft villages #rural economy #Vietnamplus #Vietnam News Agency Ha Noi
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