Capital city sees 12,100 new enterprises in six months

Up to 12,100 new enterprises were established in the capital city of Hanoi in the first six months of 2018, with total registered capital of VND124 trillion (around $5.46 billion ), reported the municipal People’s Committee.

Capital city sees 12,100 new enterprises in six months

The figures represent a reduction of 3 percent in the number of businesses but an increase of 31 percent in the amount of capital compared to the same period last year.
During the period, nearly 1,950 firms resumed their operations, down by 1.5 percent year-on-year, while more than 4,300 stopped operations, surging by 51 percent over the same period last year.
Hanoi also saw 720 firms completing dissolution procedures in the first half of the year, 32 percent higher than last year’s corresponding period, the report said, adding that as of June, the city is home to some 251,500 enterprises.
From January to June, the city’s total social investment capital reached an estimated VND128.9 trillion ($5.67 billion ), up by 10 percent year-on-year.
The registered capital of investment projects outside the State budget hit VND80 trillion ($3.52 billion ), up 19 percent year-on-year, while foreign investment stood at $1.2 billion up by 9.5 percent compared to the same period last year.
To date, the city has 4,325 valid foreign direct investment (FDI) projects, capitalised at $27.94 billion of which $15.4 billion has been disbursed.


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