Hanoi has set the target of becoming an industrialized and modernized city by 2025 and a modern industrial metropolis by 2030, Hanoimoi reported.

Workers produce electronic products for exporting at Canon Vietnam Co., Ltd. (Thang Long Industrial Park, Hanoi). Photo: Viet Thanh

Accordingly, Hanoi will develop select manufacuring industries, breakthrough industries using advanced technology and gray matter as the basis for developing a knowledge economy.

Then, with a vision to 2045, Hanoi will become a modernized and industrialized city in the region and the world, and an information technology center of Vietnam.

The Ministry of Industry and Trade will support Hanoi to become a major trade and economic hub of the country and Southeast Asia by 2025.

Besides, the two sides will coordinate to promote the establishment of shopping malls, supermarkets, consumption chains, convenience stores, online sales, vending machines, international financial and trade center, national and international fair and exhibition center, banking and financial service center in Hanoi.

Hanoi will develop modern forms of distribution and apply e-commerce, foster non-cash payment, complete synchronously legal provisions and policies on trade - service development, promote all resources of commercial - service infrastructure development, among others.

Hanoi and the Ministry of Industry and Trade agreed to assign a deputy minister of Industry and Trade and a vice chairman of the Hanoi People's Committee to be in charge of guiding agencies to implement the above-mentioned contents, assign the Planning Department under Ministry of Industry and Trade and the Hanoi Department of Industry and Trade to be the focal points.