Through the event, jointly held by the municipal Department of Industry and Trade, the Hanoi Association of Main Industrial Products (HAMI) and the Italian Chamber of Commerce in Vietnam (ICHAM), Hanoi hoped for the establishment of joint venture partnership as well as tightened cooperation in the sphere, said Vice Chairman of the municipal People’s Committee Nguyen Manh Quyen.

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HAMI and ICHAM sign a memorandum of understanding (MoU), under which they will exchange information, and introduce products and services to the other.

Tran Thi Phuong Lan, acting director of the department, said in the first five months of this year, Hanoi’s industrial production index expanded by 6.4 percent.

The city counts 117 main industrial products by 81 businesses, she said, adding that 22 firms have raked in more than VND 1 trillion (USD 43.12 million) in revenue, 12 are among the top 500 leading firms in Vietnam and 10 has global brands.

According to the department, the local enterprises earned a total of nearly VND 200 trillion in revenues and their export turnover reached some USD 2 billion last year.

On this occasion, HAMI and ICHAM signed a memorandum of understanding (MoU), under which they will exchange information, and introduce products and services to the other.

Source: VNA