Ha Noi sees over 16,000 new firms established in seven months

02/08/2019

VGP – More than 16,000 new enterprises were established across Ha Noi in the first seven months of 2019 with a total registered capital of VND196.3 trillion (US$8.44 billion), up 8% in the number of businesses and 20% in capital compared to the same period last year.

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The information was released by Director of the Ha Noi Department of Planning and Investment Nguyen Manh Nguyen at a recent monthly meeting chaired by Chairman of the municipal People’s Committee Nguyen Duc Chung.

The main economic growth indices in July and in the January-July period maintained a good growth rate, with the seven-month export revenues increasing by 7.9% year-on-year, reaching US$8.6 billion. The capital city’s import turnover hit US$18.6 billion during the period, representing a year-on-year 6.3% increase.

Tourist arrivals to Ha Noi continued to rise, reaching 16.7 million in the first seven months of the year, up 9.2% over the same period in 2018, including 3.7 million international arrivals, up 8.9%. Revenues from tourism activities hit VND57.8 trillion (US$2.48 billion), up 28.8% year on year, while foreign investment attraction reached US$5.1 billion.

Ha Noi’s budget revenue in the January-July period was estimated at VND155.3 trillion (US$6.67 billion), meeting 59% of the year’s estimate and up 12.6% annually. Total budget spending hit VND34.4 trillion (US$1.48 billion), equivalent to 34% of the estimate.

Regarding urban management and development, the city continued to direct the acceleration of subdivision planning and the progress of urban infrastructure projects, works to ensure traffic order and safety, water supply projects, and service land allocation. Focus will also be put on building regulations for urban architecture management, treating wastewater, planting green trees, putting electrical wires underground, and supplying power.

In August, Ha Noi continues to overcome shortcomings in the first half of the year and finalize the socio-economic targets set for the whole 2019./.

By Vien Nhu