31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Jun 04, 2020 / 12:34

Hanoi targets 11% increase in new businesses in 2020

Hanoi continues to pursue the dual target of containing the Covid-19 pandemic and boosting economic growth.

Hanoi targets 30,000 newly established enterprises in 2020, representing an 11% increase from 27,000 in the previous year.

 Hanoi targets 30,000 newly established enterprises in 2020. 

This is one of the main priorities set by the Hanoi People’s Committee for the remaining six months of 2020, for which the capital city continues to pursue the dual target of containing the Covid-19 pandemic and boosting economic growth.

Meanwhile, Hanoi would continue to hold goods demand–supply matching programs to promote domestic consumption. The municipal Department of Industry and Trade is tasked with organizing Hanoi’s sales promotion month in June and July.

In preparation for the Hanoi’s investment promotion conference, scheduled to take place later this June, relevant agencies are requested to set up an investment portfolio for investment attraction. So far, organizers of the event have invited foreign ambassadors, business associations, enterprises and investors, among others.

The Department of Industry and Trade would cooperate with local authorities in speeding up the approval process of new industrial parks in the city.

The Department of Tourism is responsible for setting up plans to promote domestic tourism in 2020.


Following the city’s second rank nationwide in the 2019 Public Administrative Reform (PAR) Index and a high score in the Satisfaction Index of Public Administration Services (SIPAS), Hanoi would continue to carry out drastic measures to maintain and improve respective scores.

Starting from this year, Hanoi would publicize results of public satisfaction and administrative reform index of local agencies on an annual basis.

Regarding the PAR Index 2019, Chairman of the Hanoi People’s Committee Nguyen Duc Chung said one of Hanoi’s highlights in improving the quality of public services is the publication of the guidance for administrative procedures on the portal of the local government.

In 2019, Hanoi’s authorities processed 11.4 million applications on time, or 99.1% of the total, while the number in the first quarter of 2020 was 1.87 million, equivalent to a rate of 99.8%.

Additionally, 1,421 out of 1,611 administrative processes are carried out online at advanced stages of three and four out of a four-level scale, or 89% of the total, of which 388 are at stage 4.

To date, Hanoi has integrated 48 public online services into the national service portal, and an additional 200 are expected to follow suit by the end of June.

This year, Hanoi expects an economic expansion rate at 1.3 times higher than the national average.