Hanoi honors key industrial products in 2024

Hanoi has designated 36 products from 25 enterprises as the city's key industrial products in 2024, of which 10 are among the city's top 10 industrial products.

These companies were honored by the Hanoi Department of Industry and Trade at a ceremony on December 13 to celebrate Hanoi's Key Industrial Products in 2024.

Hanoi's manufacturers of key industrial products in 2024. Photo: Hanoimoi Newspaper

Revenue from these key industrial products is expected to reach nearly VND50 trillion (US$1.97 billion), with export turnover approaching US$1 billion.

This year, the program to select the city’s key industrial products, initiated by the Hanoi Department of Industry and Trade, attracted 160 industrial manufacturers across the city. 

The 36 key industrial products comprise 23 from the mechanical and manufacturing industries sector (64%); seven from the textile, leather, and plastic industries (19%); three from the information technology and high-tech sector (8%); two from the agricultural and food processing sector (6%); and one from the building materials industry (3%).

Among the 25 selected companies, eight of them achieved sales of more than VND1 trillion ($39.3 million) each. Ten of them were listed among the top 500 largest companies in Vietnam in 2024.

Enhancing support for recognized key industrial product firms

A manufacturing line of Rang Dong Light Source & Vacuum Flask Joint Stock Company. Photo: Le Nam/The Hanoi Times

At the ceremony on December 13, Nguyen Kieu Oanh, Deputy Director of Hanoi's Department of Industry and Trade, said that the designation as the city's key industrial product will enhance brand value, stimulate business production, and promote sustainable development for enterprises. She stressed that this recognition demonstrates the city government's continued support for local businesses.

Oanh added that the Hanoi People's Committee plans to implement support programs for key manufacturers of industrial products, focusing on improving the investment and business environment, promoting market development, advancing science and technology, improving human resources, providing technical support, and facilitating business networking.

The deputy director noted that the participating companies have made significant efforts to integrate advanced scientific and technological innovations into their production processes, especially by leveraging the advances of the Fourth Industrial Revolution. This includes adopting international quality management systems, increasing automation, implementing digital transformation, and developing smart factory models.

"Therefore, Hanoi's recognized key industrial products are highly competitive, reflecting traditional values and guiding similar products, which strengthens product reputation and enhances brand value in domestic and international markets," Oanh said.

She said the Department of Industry and Trade has also implemented a 2021-2024 plan that involves hundreds of businesses in industrial production. Currently, there are 172 products certified as key industrial products in the city, exceeding the target for 2021-2025. This year, 36 products from 25 companies are expected to be certified, bringing the total to 265 products from 191 firms since 2018.

Many of these businesses have been awarded the "National Brand" title for 2024, including Asia Industrial Engineering Joint Stock Company, Hanoi Plastic Joint Stock Company, Eurowindow Joint Stock Company, Garment Corporation 10 JSC, MISA Joint Stock Company, Nutricare Nutrition Joint Stock Company, VICOSTONE Group, Rang Dong Light Source & Vacuum Flask Joint Stock Company, Sunhouse Group, and Viet Tiep Lock Joint Stock Company.

Oanh also said the Hanoi People's Committee has approved several decisions to support the development of key industrial products, outlining plans for 2021-2025.

The city has started infrastructure development in 28 out of 43 planned industrial clusters to attract domestic and foreign investment. In addition, the government has made efforts to boost investment and production cooperation, including the Vietnam-Japan Aerospace Techno Park in the Hanoi Southern Industrial Park (HANSSIP).

The department has held dialogues with business delegations and officials from Kochi and Fukuoka in Japan. They are also inviting companies from Wonju in South Korea and Yunnan in China to invest in manufacturing and business.

The department encourages cooperation in technological innovation, equipment investment, and the application of scientific advances. Key areas of focus include developing new environmentally friendly products, increasing energy efficiency, expanding exports, and participating in distribution networks in Japan, South Korea, and China. These efforts are designed to take advantage of free trade agreements between the parties.

With various programs and events, the department hopes to provide additional opportunities for businesses to enhance trade promotion activities, seek partnerships, and establish trade agreements to develop both domestic and export markets, Oanh stressed.