Hanoi's newly-established businesses rise by 14% in 8 months

Trung Kien - Tram Anh

Sep 02, 2017 / 05:21 PM

The number of newly-established businesses in Hanoi rose by 14 percent to 16,714 in the first eight months of 2017, with a combined registered capital of approximately 130 trillion VND.

The number of newly-established business in Hanoi rose by 14 percent to 16,714 in the first eight months of 2017, with a combined registered capital of approximately 130 trillion VND (5.72 billion USD), up 4 percent year on year.

The figure was revealed at a meeting on August 31 between the municipal People’s Committee, departments, sectors and districts to review the achievements since the beginning of this year and outline tasks for the remaining months.

Statistics showed that over 223,900 enterprises are operating in the capital city. In the reviewed period, some 93,000 business registration applications were submitted online. The municipal administration has provided free consultancy for nearly 50,000 firms and individuals, both in and outside the country, who are doing business in the city.

Hanoi’s economy continued witnessing growth trend in key sectors, including industry, trade and services, tourism and transportation.

The city welcomed 114 non-budget investment projects, worth 71 trillion VND (3.12 billion USD); 22 Public-Private Partnership (PPP) projects with a total investment of 60 trillion VND (2.64 billion USD); and 1.74 billion USD in foreign direct investment (FDI) projects.

So far, Hanoi has had 128 PPP projects with a combined investment of 333 trillion VND (14.65 billion USD), of which eight projects have been completed and 120 others are underway or preparing procedures.

Speaking at the meeting, Chairman of the municipal People’s Committee Nguyen Duc Chung emphasised that attracting investment is a very important task of the city though many challenges remained.

Hanoi has taken a wide range of measures to create favourable conditions for investors by stepping up the application of information technology and holding dialogues with businesses to remove their difficulties, he added.

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