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.