Hanoi to develop selectively industries: official

Hanoi (VNA) – Hanoi will develop selectively a number of key industries during the 2021-2025 period, focusing on the sectors and products using cutting-edge technologies and having high added values, a local official has said.

Nguyen Manh Quyen, Vice Chairman of the municipal People’s Committee, released the information at a ceremony on December 14 to honour key industrial products in 2021.

According to the official, the production value of the key industrial products will increase to 40-45 percent of the city’s total industrial production value, and 10 percent of the local key industrial firms are set to be included in Vietnam’s top 500.

About 150-180 key industrial products will be recognised by the city. Meanwhile, by 2025, key industrial production firms will contribute 20-25 percent of the city’s accumulative export revenue.

In 2021, 34 enterprises with 54 products have registered for the key industrial product development programme, of which 46 products by 30 businesses are eligible for the selection of the top 10.

Total revenue of the 30 enterprises reached nearly 40 trillion VND (1.73 billion USD), with nearly 1 billion USD in export turnover. Of them, seven have been honoured in the list of Vietnam’s 500 largest businesses.

After the four-year implementation of the programme, the municipal People’s Committee has recognised a total of 133 products as key industrial ones.

In 2022, the committee will implement various programmes to support industrial production by improving the investment environment, expanding the markets, developing science-technology and human resources, and stepping up the communication work./.