Hanoi welcomes over 16,700 new businesses in eight months

Thursday, 2017-08-31 10:35:24
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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 VND130 trillion. (Photo: VNA)
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NDO/VNA – 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 VND 130 trillion (US$5.72 billion), up 4 percent annually.

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 the tasks for the remaining months.

Statistics show 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 within and outside of the country, who are conducting business in the city.

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

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

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

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

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 in order to remove their difficulties, he added.