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Sunday, July 3, 2022

Number of Hanoi-based firms completing dissolution up 22%

By Van Ly

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HANOI – The number of firms completing procedures for business closure in Hanoi City this year rose by 22% against last year at 3,075, while over 13,140 companies suspended their operations, up 29% compared with last year’s figure.

Besides, more than 3,530 firms halted their operations pending dissolution in 2021, up 20% year-on-year, Do Anh Tuan, director of the Hanoi Department of Planning and Investment, told a conference held by the Hanoi government on December 29.

The city saw nearly 11,000 firms return to the market in 2021, soaring by 80% against the year-ago figure, while over 24,000 firms were newly established, with total pledged capital of VND345 trillion, down 9% and 16% year-on-year, respectively.

Hanoi’s gross regional domestic product in 2021 inched up 2.92% year-on-year, well below the 7.5% target, Tuan said.

As of December 27, the city’s budget revenue had inched up 4.6% against last year at VND261.8 trillion, exceeding the target set by the Government by 11% and the target set by the city by 4%.

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