Hanoi looks to boost key industrial products

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Báo Đầu Tư English - 45 month(s) ago 6 readings

Hanoi looks to boost key industrial products

The Hanoi People's Committee has ratified a programme on developing key industrial products to account for 10-15 per cent of the city's total export revenue during 2011-15.

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Under the programme, the city expects the key products to represent 30-35 per cent of its total industrial production value and the annual growth rate of the products to be 5-10 per cent higher than the city's average industrial growth rate.

In order to meet its targets, the programme focuses on measures for enhancing the management competence of State bodies within the industrial sector, boosting participation of the city's industrial producers and exporters in domestic and foreign trade promotion programmes in order to enlarge market shares.

Besides speeding up administrative reforms, the programme is set to assist science and technology as well as trademark building and development.

Director of the Hanoi Department of Industry and Trade, Trinh Thi Ngan, said that the programme is aimed at creating favourable conditions for the continued development of local industrial products using all available resources.

The capital initiated its first five- year programme for developing key industrial products in 2005, under which the city categorised 53 products from 47 businesses into six groups including mechanical engineering, electronics, chemicals and plastics, footwear, textiles, paper and packaging as well as processed food.

According to the department's statistics, the 53 selected industrial products made up 34.23 per cent of the city's total industrial production value last year compared to 27.6 per cent a year earlier.

Besides meeting domestic market demand, the selected products earned $760 million from exports last year, accounting for 10 per cent of the city's export turnover.

Ngan said that, despite positive results, assistance had been poorly coordinated between agencies, especially within the land and environmental protection sectors. Assistance programmes had been too general and not all enterprises were informed of what they were entitled to, she said.

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