Nearly 18,000 new enterprises were established in the capital city of Hanoi in the first seven months of this year, with a total registered capital of 162.1 trillion VND.
Female employees work at the Garment 10 Joint Stock Company (Photo: VNA)
Hanoi (VNA) – Hanoi authorities granted certificates to 3,007 new enterprises in July, up 20% over last year’s corresponding period, ಞwith a total registered capital of 24.1 trillion VND (958.91 million USD), up 4%, according to the municipal People’s Committee.
However, 447 firms announced their dissolution and 2,015 others registered to suspend operations, up 52% and 43%, respectively. Meanwhile, 997 companies resumed operations, up 56%.
Nearly 18,000 new enterprises were established in the capital city in the first seven months of this year, with a total registered capital of 162.1 trillion VND.
The figures represented year-on-year decreases of 2% in the number of enterprises, and 9% in the registered capital.
In the period, 2,500 enterprises were dissolved, a year-on-year increase of 18%, and 18,200 registered to suspend operations, up 23%. Besides, 6,600 companies restored operations, a 14% rise compared to the same period last year.
During the seven months, Hanoi attracted 1.3 billion USD in foreign direct investment (FDI), with 143 new projects worth 1.1 billion USD and 102 projects permitted to increase investment capital by 138 million USD.
A total of 118 foreign investors contributed capital and bought shares worth 77 million USD in the reviewed period.
Hanoi’s index of industrial production (IIP) in July rose 2.3% over the previous month and 6.2% year on year.
The index increased by 5.2% during the January-July period, with manufacturing-processing up 4.4%, electricity production and distribution up 12.8%, and water supply, and waste and wastewater treatment up 8.8%./.
The capital city of Hanoi is positioning itself as a prime destination for semiconductor investment, with a conference kicking off on July 29 as part of the Hanoi Semiconductor Investment Festival.
The Hanoi People’s Committee recently issued a document requesting local authorities make stronger moves to improve the quality and efficiency of foreign direct investment (FDI) promotion, attraction, and management.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
