Hanoi (VNA) - Hanoi has issued an implementationplan for a project to develop key industrial products in the 2021-2025 period,with an estimated cost of 200 billion VND (8.63 million USD).

It has set a target of having 150 to 180 productsrecognised as key industrial ones by 2025, the Hanoi Department of Industryand Trade has said. Companies specialising in key industrial products areexpected to make up half of the capital’s total industrial production valueand 25 percent of its export revenue by that time. Some 200 businesses will enjoy incentives from thecity each year. Their brands will be promoted in domestic andforeign markets and the companies encouraged to apply advanced technology and equipmentin a bid to raise capacity and international integration. By 2025, Hanoi will have set up large-scaleindustrial product manufacturers boasting competitiveness in the foreign arenaand roles in global supply chains. They are also to act as a driving force for thecity’s small- and medium-sized enterprises in the same field. To realise targets set, the capital is due to selectsuitable key products and bolster trade promotions. Local authorities will also exert efforts to improvethe investment climate for major industrial firms and provide support in the applicationof science and technology and human resources development. In 2018, Hanoi recognised 61 key industrial products and top 10 ones. The total revenue from the 61 products reached 40 trillion VND, up 28.4 percent annually, making up 32.5 percent of the total industrial production. Exports surged 74 percent to upwards 10 trillion VND. Since early of 2019, as many as 31 firms with 40 products have registered for key industrial production recognition. Their revenues are estimated at 6 trillion VND and exports at 1.6 trillion VND. Also under a programme on promoting the city’s industrial development for the 2021-25 period, Hanoi is striving to expand handicraft export markets for an annual growth of 8 percent in export turnover. The programme also aims to create over 3,500 products of handicraft and fine arts for domestic and foreign markets. In the coming time, Hanoi will invite foreign importers and international friends to its annual handicraft fair to seek partners. Through the programme, the city also aims to support more than 10,000 businesses and industrial establishments in rural areas and help up to 70,000 rural labourers find stable jobs. To fulfil the target, Hanoi will hold 300 vocational training courses for rural workers in the period and work to develop high quality human resources and raise management capacity in the sector. It will also assist firms and industrial establishments in rural areas in investing in new equipment and applying advanced technology in a bid to increase productivity and quality products and save costs. Hanoi is leading the country in handicraft products. In 2018, the export turnover of this sector reached 192 million USD. The sector generated jobs for nearly 1 million workers with an average annual income of about 55 million VND (2,365 USD) each. The capital has 1,350 craft villages, accounting for 60 percent of the total nationwide. These craft villages are diversified and cover different trade groups including processing forest and agricultural products, lacquer, bamboo, embroidery, mechanics, sculptures and garments. Many handicraft products associated with rural culture are almost intact and have developed into a profession, such as the carpentry village of Chang Son in Thach That district. Bat Trang commune, which has thousands of households engaged in pottery production, is another typical example. In addition, Hanoi recently announced 275 products meeting standards of the “One Commune – One Product” (OCOP) programme at the municipal level in 2019, raising the total number of such products here to 301./.