City will continue to support investment in the program to develop key
meeting with Nguyen Thien Nhan, vice chairman of HCM City People�s
Committee last week, producers of the key products asked the city
government to change a few key criteria for the program to make them more
suitable. They proposed placing more emphasis on technological complexity,
innovation and quality management in judging whether a product should be
classified as �key�, and lower standard for net profit.
told the officials in charge of the program to consider setting up clubs
for companies with different levels of revenue to help members.
period 2003-2004, the city provided assistance in finance, manpower
training, trade promotion, marketing and trademark and industrial design
protection for 35 enterprises under the program. These enterprises make 43
products in key industries such as mechanical engineering, electronic,
plastic, rubber, footwear, garment and textile, construction material,
food processing, cosmetics, jewelry and stationery. Their sales last year
reached more than VND20.15 trillion, up 30% on 2003. Exports reached
producers are expected to join the program this year.