Six decades after liberation, Hanoi has become an economic hub forVietnam , and an economic engine for northern region, Nhan Dan (People)online newspaper reported.
In the early days after takingcontrol of the city from the French, Hanoi’s residents entered a newphase of restoring economic activity. During 1955-1960, many newfactories were built in Hanoi , laying foundation for the manufacturingsector in Hanoi such as Hanoi Mechanical Factory, Tran Hung DaoMechanics and Gia Lam Mechanics. The first industrial co-operativesnamed Nghia Do Co-operative, O Cach Jute Co-operative and Dan ChuGlassware Co-operative.
During the first Five-Year Plan(1961-1965), Hanoi’s fledgling industrial sector witnessed manyimportant events. It saw the formation of large industrial zones inThuong Dinh, Minh Khai, Yen Vien and Dong Anh. A range of State-ownedenterprises were born out of this period such as Rang Dong LightingSource and Vacuum Flask Company, Van Dien Phosphate Fertiliser Company,Dong Anh Mechanics and Mai Dong Mechanics. For the first time, Hanoi’s industrial sector was able to manufacture lathes, millers,transformers, diesel engines, car parts, hammering machines, punchingmachines and small generators. Products of the textile industry, such assweaters and knitted jackets, began to be exported.
During1965-1975, when the American war in Vietnam entered the most criticalphase, Hanoi ’s industrial sector was faced with many difficulties.Factories and industrial facilities had to be relocated to neighbouringprovinces, workers had to carry out two duties at the same time: workingand fighting.
From national unification in 1975 until 1986,Hanoi ’s factories were struggling very hard due to old-fashionedeconomic management mechanism, reductions in foreign aid, and a seriouslack of capital, materials and energy.
Only after the 6th PartyNational Congress in 1986 did Hanoi ’s industrial sector undergodramatic changes. In the early 1990s, private companies and factorieswere established and saw rapid development such as Geleximco, Xuan LocTho, Hoang Vu and Tung Lam.
Many traditional craft villages inHanoi were restored to help rebuild the rural economy and made asubstantial contribution to the city’s export revenue. For the firsttime, local factories were able to access new technology from developedcountries, such as Xuan Hoa Bicycles, Viet Ha Beer and Hanoi Soap.
Foreign direct investment (FDI) enterprises began to build factoriesand Hanoi underwent rapid development. Pioneers of the capital’sindustry were joint ventures between Hanoi ’s Hanel Company and majorAsian companies such as Daewoo Hanel, Orion Hanel and Sumi Hanel in theSai Dong B Industrial Park in the mid-1990s. In early 2000, thepresence of big Japanese corporations such as Yamaha, Canon andPanasonic in the Thang Long Industrial Park drew investment fromdozens of enterprises in the auxiliary industry from Taiwan ( China )and the Republic of Korea .
Building a modern industry
Over the past 60 years, Hanoi ’s industrial sector has seencontinuous growth from several dozen State-owned factories and severalhundred handicraft co-operatives to nearly 100,000 industrial facilitiesas of 2013, including 131 State-owned enterprises, 10,700 non-statefactories and businesses, and 410 FDI enterprises. In addition, Hanoihas over 1,200 handicraft villages and tens of thousands ofcraft-making households.
The structure of industrial sub-sectorswas re-arranged in a more appropriate way, in line with the master planto form specialised and high-tech industrial zones. Internationalintegration has allowed Hanoi to become a strong magnet for foreigninvestment and to adopt new technology transferred from advancedeconomies. In addition to traditional products such as machine tools,transformers, light bulbs, tyres, beer and confectionery, Hanoi ’sindustrial sector developed new key products such as printers, opticalparts, computers, motorbikes, food processing lines and granite.
The value of industrial export now accounts for 30 percent of totalindustrial output, including high value added products such as ITproducts, machines and electrical equipment. The Hanoi Capital Regionappears on the global industrial map as a major manufacturing centre ofmobile phones, printers, scanners and motorbikes.
Hanoi now is able to manufacture thousands of different types of high quality products
The contingent of Hanoi ’s workers has been growing strongly tomore than 700,000. Enterprises have been adopting advanced productionmanagement and quality control systems from the US , Europe and Japanto create new breakthroughs in management and administration.
Currentlythere are over 500 enterprises with their respective annual revenueexceeding 100 billion VND (4.7 million USD). In the future, the citywill focus on developing high-tech industries, so as to transform Hanoiinto a high-tech industrial hub of the country, a modern industry basedon knowledge, technology and high-quality human resources.-VNA
In the early days after takingcontrol of the city from the French, Hanoi’s residents entered a newphase of restoring economic activity. During 1955-1960, many newfactories were built in Hanoi , laying foundation for the manufacturingsector in Hanoi such as Hanoi Mechanical Factory, Tran Hung DaoMechanics and Gia Lam Mechanics. The first industrial co-operativesnamed Nghia Do Co-operative, O Cach Jute Co-operative and Dan ChuGlassware Co-operative.
During the first Five-Year Plan(1961-1965), Hanoi’s fledgling industrial sector witnessed manyimportant events. It saw the formation of large industrial zones inThuong Dinh, Minh Khai, Yen Vien and Dong Anh. A range of State-ownedenterprises were born out of this period such as Rang Dong LightingSource and Vacuum Flask Company, Van Dien Phosphate Fertiliser Company,Dong Anh Mechanics and Mai Dong Mechanics. For the first time, Hanoi’s industrial sector was able to manufacture lathes, millers,transformers, diesel engines, car parts, hammering machines, punchingmachines and small generators. Products of the textile industry, such assweaters and knitted jackets, began to be exported.
During1965-1975, when the American war in Vietnam entered the most criticalphase, Hanoi ’s industrial sector was faced with many difficulties.Factories and industrial facilities had to be relocated to neighbouringprovinces, workers had to carry out two duties at the same time: workingand fighting.
From national unification in 1975 until 1986,Hanoi ’s factories were struggling very hard due to old-fashionedeconomic management mechanism, reductions in foreign aid, and a seriouslack of capital, materials and energy.
Only after the 6th PartyNational Congress in 1986 did Hanoi ’s industrial sector undergodramatic changes. In the early 1990s, private companies and factorieswere established and saw rapid development such as Geleximco, Xuan LocTho, Hoang Vu and Tung Lam.
Many traditional craft villages inHanoi were restored to help rebuild the rural economy and made asubstantial contribution to the city’s export revenue. For the firsttime, local factories were able to access new technology from developedcountries, such as Xuan Hoa Bicycles, Viet Ha Beer and Hanoi Soap.
Foreign direct investment (FDI) enterprises began to build factoriesand Hanoi underwent rapid development. Pioneers of the capital’sindustry were joint ventures between Hanoi ’s Hanel Company and majorAsian companies such as Daewoo Hanel, Orion Hanel and Sumi Hanel in theSai Dong B Industrial Park in the mid-1990s. In early 2000, thepresence of big Japanese corporations such as Yamaha, Canon andPanasonic in the Thang Long Industrial Park drew investment fromdozens of enterprises in the auxiliary industry from Taiwan ( China )and the Republic of Korea .
Building a modern industry
Over the past 60 years, Hanoi ’s industrial sector has seencontinuous growth from several dozen State-owned factories and severalhundred handicraft co-operatives to nearly 100,000 industrial facilitiesas of 2013, including 131 State-owned enterprises, 10,700 non-statefactories and businesses, and 410 FDI enterprises. In addition, Hanoihas over 1,200 handicraft villages and tens of thousands ofcraft-making households.
The structure of industrial sub-sectorswas re-arranged in a more appropriate way, in line with the master planto form specialised and high-tech industrial zones. Internationalintegration has allowed Hanoi to become a strong magnet for foreigninvestment and to adopt new technology transferred from advancedeconomies. In addition to traditional products such as machine tools,transformers, light bulbs, tyres, beer and confectionery, Hanoi ’sindustrial sector developed new key products such as printers, opticalparts, computers, motorbikes, food processing lines and granite.
The value of industrial export now accounts for 30 percent of totalindustrial output, including high value added products such as ITproducts, machines and electrical equipment. The Hanoi Capital Regionappears on the global industrial map as a major manufacturing centre ofmobile phones, printers, scanners and motorbikes.
Hanoi now is able to manufacture thousands of different types of high quality products
The contingent of Hanoi ’s workers has been growing strongly tomore than 700,000. Enterprises have been adopting advanced productionmanagement and quality control systems from the US , Europe and Japanto create new breakthroughs in management and administration.
Currentlythere are over 500 enterprises with their respective annual revenueexceeding 100 billion VND (4.7 million USD). In the future, the citywill focus on developing high-tech industries, so as to transform Hanoiinto a high-tech industrial hub of the country, a modern industry basedon knowledge, technology and high-quality human resources.-VNA
