Illustrative image (Photo: Dau Thau newspaper) Hanoi (VNA) – The number of new firms set up in Hanoi in the periodfrom January-April dropped 13.1 percent from the same period in 2019 to 7,468, butthe combined registered capital of new enterprises shot up 46.5 percent to over118 trillion VND (nearly 5.1 billion USD).
According to Bui Anh Tuan, director of theBusiness Registration Management Agency under the Ministry of Planning andInvestment, the decline in new firms reflected the impact of the COVID-19epidemic on production and business. On the other hand, it also implied thatbusinesses are waiting for clearer opportunities after society shifts to a “newnormal” situation after the epidemic is put under control.
Sharing his view, Chairman of the VietnamChamber of Commerce and Industry Vu Tien Loc noted that despite the decrease innumber similarly to the general trend in the country, the registered capital ofnew firms in Hanoi surged by 46.5 percent while the national figure dropped by17.9 percent.
He said the positive statistics showed theimproved environment for investment and business in Hanoi.
The capital city has taken concertedmeasures to support businesses in the context of the COVID-19 epidemic. Themunicipal People’s Committee has issued a plan to implement the Government’sResolution 02/NQ-CP on continuing to implement key tasks and solutions toimprove business environment and enhance national competitiveness in 2020.
Under the plan, Hanoi aims to maintain itsplace among the top 10 localities in the PCI (Provincial Competitive Index),and continue to meet or surpass indications on business environment. The cityis pushing its departments and agencies to update and publish 100 percent ofdecisions, policies and administrative procedures on their websites.
Director of the city’s Department ofPlanning and Investment Nguyen Manh Quyen said besides maintaining support for businessestablishment, the city is making preparations to seize opportunities broughtabout by free trade deals that Vietnam has signed.
He said Hanoi will try to keep the rate ofon-line business registration at 100 percent, and the rate of business filingand paying tax online at over 98 percent./.
According to Bui Anh Tuan, director of theBusiness Registration Management Agency under the Ministry of Planning andInvestment, the decline in new firms reflected the impact of the COVID-19epidemic on production and business. On the other hand, it also implied thatbusinesses are waiting for clearer opportunities after society shifts to a “newnormal” situation after the epidemic is put under control.
Sharing his view, Chairman of the VietnamChamber of Commerce and Industry Vu Tien Loc noted that despite the decrease innumber similarly to the general trend in the country, the registered capital ofnew firms in Hanoi surged by 46.5 percent while the national figure dropped by17.9 percent.
He said the positive statistics showed theimproved environment for investment and business in Hanoi.
The capital city has taken concertedmeasures to support businesses in the context of the COVID-19 epidemic. Themunicipal People’s Committee has issued a plan to implement the Government’sResolution 02/NQ-CP on continuing to implement key tasks and solutions toimprove business environment and enhance national competitiveness in 2020.
Under the plan, Hanoi aims to maintain itsplace among the top 10 localities in the PCI (Provincial Competitive Index),and continue to meet or surpass indications on business environment. The cityis pushing its departments and agencies to update and publish 100 percent ofdecisions, policies and administrative procedures on their websites.
Director of the city’s Department ofPlanning and Investment Nguyen Manh Quyen said besides maintaining support for businessestablishment, the city is making preparations to seize opportunities broughtabout by free trade deals that Vietnam has signed.
He said Hanoi will try to keep the rate ofon-line business registration at 100 percent, and the rate of business filingand paying tax online at over 98 percent./.
VNA
