Ha Noi targets to 150-180 key industrial products by 2025
Ha Noi targets to 150-180 key industrial products by 2025
The capital city is striving to have 150 to 180 products recognised as key industrial ones in the next four years, following a plan on developing key industrial items in the 2021-25 period. 
Under the plan issued recently by Ha Noi People's Committee, the city aims to lure the participation of 25-30 local manufacturers of key industrial products while recognising up to 30 key industrial goods in 2021.
Some 200 enterprises are expected to participate to manufacturing key industrial products by 2025. They are hoped to contribute 40-50 per cent of the city's industrial production value and 20-25 per cent of its total export and import revenues.
These firms will enjoy incentives from the city each year, according to deputy director of the municipal Department of Industry and Trade Dam Tien Thang.
The city plans to organise trade fairs to display, introduce local products and invite international producers, importers and distributors to the fairs. So, key industrial products could be introduced and accessed in the global market, Thang said, adding that it continues giving priority to improving the business environment by reducing time for administrative procedures in construction, customs, taxation and investment.
The city will also speed up the establishment and completion of high-tech zones, industrial parks or industrial clutters, expected to help develop modern, competitive and environmentally-friendly industries.
The city will continue to develop and improve mechanisms and support policies designed for enterprises with key industrial products so they could become an important driver for the economic development of the capital.
Meanwhile, links among localities in the capital region are also expected to increase, Thang said.
He added dialogues with enterprises to find their difficulties and offer support will be also included in the near future.
The recognition of key industrial products has contributed to increasing the firms' brand value, creating favourable conditions for them to ensure their business performance and then develop sustainably, Thang said.
Recently, the city honoured 26 products as its key industrial products in 2020, according to the department.
These products from 19 eligible enterprises operating in the city included high tech ones such as hardboard products, flexible circuit board products and household products such as high-quality sanitary ware, faucets and washbasins, steel pots, non-stick pans, rice cookers, printers, paints and bamboo baskets.
The department said firms which have made efforts in scientific and technological applications, applied international standards in quality management and increased the degree of automation in production and management were chosen for the list.
So far, the city has recognised 117 products of 77 local businesses. The turnover of 77 enterprises with recognised products was estimated at nearly VND200 trillion (US$8.69 billion) and their export turnover was estimated at more than $1 billion in 2020.
