Log in
Econ

Hanoi honors 33 key industrial products in 2022

Enterprises with key industrial products are the driving force for the capital city's industrial development.

Hanoi People's Committee has recognized 33 products from 25 enterprises as the city’s key industrial items in 2022.

 Top ten industrial enterprises of Hanoi. Photo: Le Nam/The Hanoi Times

The selected enterprises earned a combined revenue of VND76.8 trillion (US$3.27 billion) and an export turnover of $550 million this year, four of which earned a revenue of over VND1 trillion each in 2022. 

Among them, two that made it to the top 500 Vietnamese enterprises, including Thuong Dinh Electric Wire and Cable JSC, and Garment 10 Corporation JSC and 11 first-time program participants with 15 new products recorded revenues of VND9.4 trillion ($5 billion) this year.

Key industrial products recognized by the city are in mechanical and manufacturing industries (accounting for 18.2% of the total number), electrical and electronic industry (12.1%), information technology (15.2%), and textile, leather, and footwear industries (24.2%), the agricultural and food processing industry (12.1%), chemical, rubber, plastic, pharmaceutical (9.1%), building materials industry (6.1%), and handicraft industry (3%).

Speaking at the honoring ceremony on December 13, Acting Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan said that, in 2022, the city continues to roll out the key industrial product selection program under the Hanoi Key Industrial Product Development Project with a vision to 2025.

"The city has supported the removal of difficulties and the facilitation of enterprises in terms of production, construction of technical infrastructures, capital incentives, and reform of administrative procedures to help industrial enterprises to develop and contribute to the overall development of the city," she stressed.

In the past five years, the city has recognized 196 industrial products.

Under its 2021-2025 plan, Hanoi focuses on supporting industries to make them account for 30% of the total value of industrial output by 2025, from 5% currently, and to increase the value of key industrial products to 40 -45% of total industrial production.

The city also hopes that 10% of its companies will remain in the top 500 of Vietnam.

Reactions:
Share:
Trending
Most Viewed
Related news
Real estate firms sell bonds worth $402 million in May

Real estate firms sell bonds worth $402 million in May

Real estate companies have raised $862 million from bond issuance in April and May, thanks to an improved business environment and better access to funding.

Vietnam unveils new strategies to boost domestic market, aid businesses

Vietnam unveils new strategies to boost domestic market, aid businesses

As global trade uncertainties grow, Vietnam sees the domestic market not only as a key consumption driver but also a “lifeline” for businesses hit by protectionist export barriers.

Vietnam eyes US tilapia export boost as global supply falls

Vietnam eyes US tilapia export boost as global supply falls

Vietnam aims to increase tilapia output to 400,000 tons by 2030, making it the second-largest freshwater export species after pangasius.

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Vietnam’s enterprises must act fast to weather US tariff shock: Experts 

Many of the key Vietnamese exports, such as wood products, electronics, and textiles, that are not on the US exclusion list could face steep tariffs.

Vietnam's mobile money pilot program extended to end of 2025

Vietnam's mobile money pilot program extended to end of 2025

Mobile Money, launched by the Ministry of Science and Technology, differs from e-wallets by linking users’ payment accounts directly to mobile phone numbers.

Vietnam taps innovation, global ties to elevate national brand

Vietnam taps innovation, global ties to elevate national brand

Vietnam is intensifying efforts to enhance its national brand, leveraging innovation, global partnerships, and strategic policies to bolster its global competitiveness and market presence.

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

Vietnam extends US$3.9 billion loan package for agro-forestry-fisheries

The government has expanded the scope and scale of the credit program for the sectors which brought about US$62.4 billion worth of exports in 2024.

Vietnamese public shows rising satisfaction in 2024 PAPI survey

Vietnamese public shows rising satisfaction in 2024 PAPI survey

The 2024 PAPI survey found increasing citizen satisfaction with governance, but highlighted persistent administrative challenges, climate vulnerability, and gaps in access to public services.