Ha Noi eyes to develop key industrial products

30/09/2020

VGP – The Ha Noi Department of Industry and Trade has said that the city will strive to have 150 to 180 products recognized as key industrial products by 2025.

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Local manufacturers of key industrial products are expected to contribute 40-50% of Ha Noi’s industrial production value and 20-25% of its total export and import revenues.

Each year, 100 to 200 turns of enterprises manufacturing key industrial products will be supported and benefit from the city’s policies.

Specifically, the municipal authorities will assist businesses in advertising their products at home and abroad, applying advanced technologies and equipment in production, improving their capabilities in business administration and international economic integration, and removing their difficulties.

By 2025, Ha Noi will establish a number of large-scale key industrial product manufacturers that are internationally competitive and are capable of participating in the global production and supply chains across various areas as well as leading and promoting the development of the city’s small- and medium-sized enterprises (SMEs) in the same fields.

To achieve the aforementioned targets, Ha Noi will implement some contents, such as selecting key industrial products, boosting trade and investment promotion and supporting local manufacturers, improving the business and investment environment for businesses manufacturing key industrial products, and developing human resources.

The capital has issued a plan on the implementation of the project to develop key industrial products for the period of 2021-2025 with an estimated budget of VND200 billion (US$8.63 million)./.

By Vien Nhu