Hanoi has more than 13,000 newly established businesses in 5 months

Friday, 02/06/2023 15:25
In the first five months of this year, Hanoi reported more than 13,000 newly established enterprises, with a registered capital of VND125,900 billion, according to the City Department of Planning and Investment.
In the first 5 months of the year, Hanoi reported more than 13,000 newly established enterprises. (Photo: vneconomy.vn)

The number of newly established enterprises increased by 8%, but the city saw a decrease of 17% in registered capital from the same period last year.

Besides, in the first 5 months of this year, Hanoi's index of industrial production (IIP) increased by 2.1% from the same period last year.

Some processing and manufacturing industries increased significantly from the same period last year, including beverage production increasing by 23.9%; production of drugs, pharmaceutical chemicals and herbal ingredients by 21.5%; wood processing and wood products by 21.1%; production of metal products by 10.1%; and tobacco production by 6.7%.

However, a number of industries decreased sharply compared to the same period last year, such as the machinery and equipment manufacturing decreasing by 30.8%; printing and copying records by 11.7%; production of leather and related products by 6.8%; and textile by 5%.

Although the global economic downturn led to a great impact on attracting foreign capital investment, in May, Hanoi attracted nearly USD156.4 million.

Generally, in the first 5 months of 2023, Hanoi city attracted USD1,864 million of FDI capital; of which, 146 new projects were registered with a capital of USD48 million; and 71 additional projects increased investment capital with USD200 million.

141 turns of foreign investors contributed capital and bought shares of USD1,616 million.

To enhance the long-term competitiveness of enterprises; and attract domestic and foreign investment in clean, sustainable green production, processing high-quality export goods, bringing high added value to Hanoi's export goods, the Hanoi People's Committee has had a plan to implement the project "Promoting Vietnamese enterprises to directly participate in foreign distribution networks by 2030".

Accordingly, Hanoi aims to support market information for 5,000 businesses; give training and consulting support to 1,000 businesses to improve competitiveness and supply capacity to gradually participate in the global value chain.

It will also support 300 enterprises to build their capacity to participate in cross-border e-commerce; organize 1,000 trade connections and exchanges with foreign distribution networks; and support more than 500 products to export directly to foreign distribution networks./.

Compiled by BTA