AsemconnectVietnam - Hanoi records 21,100 new enterprises in eight months. HCM City’s industrial production index up 6.6% in August. Nghe An promotes development of Quynh Lap LNG-fueled power project. Infrastructure projects help attract industrial investments to Mekong Delta. Hanoi’s state investment capital disbursement rate up 0.8%.

Hanoi records 21,100 new enterprises in eight months
As many as 21,100 new enterprises were established in Hanoi in the first eight months of 2023, with total registered capital of 208.8 trillion VND (nearly 8.65 billion USD).
The figures represent a year-on-year increase of 7% in the number of enterprises and a year-on-year decrease of 2% in registered capital.
In the period, 2,400 enterprises completed dissolution procedures, a year-on-year decline of 1% while 15,900 others registered to suspend operations, up 21%. Besides, 6,300 businesses resumed their operations, down 17% compared to the same period last year.
In August alone, there were over 2,716 new enterprises in the city, increasing by 19% over last year’s corresponding period, with total registered capital of 31.2 trillion VND, up 41%.
HCM City’s industrial production index up 6.6% in August
Ho Chi Minh City’s Index of Industrial Production (IIP) in August increased 6.6% over the same period last year, according to the municipal Department of Industry and Trade.
The city’s IIP in the January-August period was up by 2.8% year on year.
The city saw positive developments in many socio-economic aspects in the first eight months of this year, with a 7.6% hike in total retail sales of consumer goods and services and cargo throughput via through seaports up by 3.8% year-on-year, Le Thi Huynh Mai, Director of the municipal Department of Industry and Trade, said at an August 30 conference reviewing the city's socio-economic situation in the first eight months of 2023
In August alone, there were 25,523 new enterprises in the city, increasing by 11.3% over the last year’s corresponding period while export turnover rose by 7.3%.
Regarding its main activities in August, Mai said that the city continued to promote growth model transformation towards a green and circular economy as well as digital economy in piloting specific mechanisms and policies for the development of HCM City under Resolution No. 98/2023/QH15 of the National Assembly (NA).
Nghe An promotes development of Quynh Lap LNG-fueled power project
The People's Committee of central Nghe An province has requested relevant departments, branches, localities and agencies to strictly implement assigned tasks to ensure quality and development progress of Quynh Lap liquefied-natural-gas (LNG)-fueled power project.According to Permanent Vice Chairman of the provincial People's Committee Le Hong Vinh, the Quynh Lap LNG-fueled power project in Hoang Mai township is one of the important power projects of prioritised investment approved by the Prime Minister. Those projects are developed to ensure electricity supply for the economy and promote the transition to green power.
Nghe An will have a monthly report to the Ministry of Industry and Trade on the development process of this project and also proposals to promote the development of this project.
Infrastructure projects help attract industrial investments to Mekong Delta
One of the critical factors helping attract impressive industrial investments to the Mekong Delta is a series of important infrastructure projects, according to Savills Vietnam.
The real estate service provider said that in recent years, many industrial property developers have selected the Mekong Delta as a new and potential investment destination to implement large-scale projects.
Those projects include 293.7-ha Vinh Thanh Industrial Park, located in Can Tho city, which is invested with more than 3.71 trillion VND (153 million USD) by Vietnam - Singapore Industrial Park (VSIP) joint venture. To support this project, the municipal administration has built two roads leading to this park, namely the one worth 172 billion VND connecting the park with National Highway 80 and another worth over 384 billion VND liking it with the access road of Vam Cong Bridge.
Hanoi’s state investment capital disbursement rate up 0.8%
Hanoi has disbursed a total of 28.1 trillion VND (1.15 billion USD) of investment capital sourced from the State budget in the first eight months of 2023.
Of the total, the capital managed by the municipal administration was 11.7 trillion VND, equivalent to 51.6% of the plan for the whole year, and down 0.5% yoy; 15.3 trillion VND was managed by districts, representing an increase of 1.9% from the same period last year and the remainder was managed by communes.
The municipal People’s Committee has demanded the People’s Committees of districts to take drastic actions to speed up the implementation of key projects, including the Nhon-Hanoi Station metro project which has a total length of 12.5km and a total investment of 32.9 trillion VND. Up to now, 77% of the workload has been completed.
T.Huong
Source: Vitic/VNA