City authorities have called on further increasing investment in a move to create commodities with annual export earnings of more than 1 billion USD.
 

Despite the high growth rate of export turnover in recent years, the capital can not boast of any export commodities with annual earnings of more than 1 billion USD, said the authorities.
 

The capital's current key export commodities, including agricultural products, clothing, footwear and electronics, have so far earned the city more than 500 million USD for each sector.
 

The capital is home to about 1,000 enterprises taking part in export activity. However, only 214 of them earn an annual export turnover of more 1 million USD.
 

City authorities attributed the shortcoming to restrictions on the size of the city's export businesses. Most of the city's export companies are small, resulting in difficulties in accessing large investment projects designed to develop mass produced, highly competitive products.
 

Deputy chairman of the municipal People's Committee, Nguyen The Quang, said the new push to attract more investment will focus on the electronics and engineering industries. Quang said the emphasis would help the city increase the export proportions of industrial and processed goods for export, and reduce that of unprocessed goods.
 

Quang said in addition to encouraging the city's producers to manage and make products that meet international standards, the city will also help its businesses and professional associations to develop their trademarks and increase the use of modern technology.

Hanoi this year had an export turnover target of 3.3 billion USD, up by 18 to 19 percent from the same period last year. This year's first quarter earned 776 million USD in exports, a 18.9 percent year-on-year increase.