Hanoi (VNA) – Hanoiis working to promote the development of key industrial products, expecting 25 -30 products will earn the recognition this year.

This is part of the HanoiPeople’s Committee’s Plan 60/KH-UBND for the implementation of the project ondeveloping local key industrial products in 2021.

Accordingly, Hanoi looks toattract the participation of 20 - 25 enterprises with 25 - 30 productsrecognised as key industrial products of the city this year.

It will work to ensure 100percent of the enterprises producing key industrial products will benefit fromits support policies, and that those firms will bolster their production value by 10 - 12 percent from 2020. The firms are also expected to contribute 35 - 40 percent of thecity’s total industrial production value and 15 percent of the total export value.

The setting of concretetargets for 2021 aims to realise Hanoi’s common goal of developing its strongsectors and industrial products that are able to engage deeply in andcontribute high added value to global supply chains, help fuel other sectors’development, and use environmentally friendly technology.

Authorities will also helpimprove the competitiveness of key industrial products, step up activities topromote trade, investment and support manufacturers of the products, better theinvestment and business climate for the firms, assist them in developing humanresources, and build mechanisms and policies for developing key industrialproducts.

The municipal Department of Industryand Trade is assigned to chair the plan implementation, coordinate with relevantdepartments and sectors to step up communications to popularise the keyindustrial products, and devise policies and solutions supporting producers ofthose products.

For the 2021 - 2025 period,the municipal People’s Committee is expected to recognise 150 - 180 keyindustrial products. Local manufacturers of the products are hoped tocontribute 40 - 50 percent of the city’s industrial production value and 20 -22 percent of total export revenues each year, according to the department.

Thanks to urgent solutions tocontain the COVID-19 pandemic and support businesses, the index of industrialproduction (IIP) in Hanoi grew by about 1 percent month on month and 7.8percent year on year in July, the municipal Statistics Office reported.

The processing andmanufacturing industry expanded 0.3 percent month on month and 7.9 percent yearon year. The respective growth rates were 9.5 percent and 7 percent for electricityproduction and distribution; 0.8 percent and 4.3 percent for water supply,waste and wastewater treatment. Meanwhile, the mining industry contracted 1.9percent from the previous month but still rose 2 percent from a year earlier.

In the first seven months of2021, the IIP of Hanoi went up 8.5 percent from the same period last year,which recorded an increase of 4 percent. In particular, processing andmanufacturing grew 8.7 percent; electricity production and distribution 7.3percent; water supply, waste and wastewater treatment 6.8 percent; and mining 3percent.

In Vietnam, industrial activities have continued bearing thebrunt of the COVID-19 pandemic, resulting in mere growth rates of 1.8 percentmonth on month and 2.2 percent year on year in the July IIP - the slowest pacein seven months, the Ministry of Industry and Trade said.

In Julyalone, the mining industry shrank 8 percent from a year earlier while processing and manufacturing expanded2.9 percent; electricity production and distribution up 6.7 percent; watersupply, waste and wastewater management and treatment up 4.4 percent.

Manysectors witnessed declines in their production indexes during the first sevenmonths of 2021, including crude oil and natural gas exploitation down 10.4percent; hard and lignite coal mining 2.9 percent; and machinery and equipmentrepair, maintenance, and installation 1.1 percent./.