According to a report by the Hanoi Department of Planning and Investment, in May 2025, the city granted registration certificates to 2,283 newly established enterprises, down 19.5% compared to the same period last year, but the registered capital reached 33.7 trillion VND, a sharp increase of 53.3%. At the same time, 700 enterprises returned to operation, up 13.6%; while 1,489 enterprises temporarily suspended operations and 399 enterprises dissolved.
In the first five months of the year, the city recorded 11,600 newly established enterprises with a total registered capital of VND106.7 trillion, down 7.2% in number and 9.7% in capital compared to the same period last year. The number of dissolved enterprises increased by 26.6%, showing that great pressure is still weighing on the business sector, especially small and medium enterprises.
Along with business development, Hanoi continues to synchronously implement credit policies to support production and business. In May 2025, the State Bank kept the operating interest rate unchanged and directed commercial banks to flexibly adjust to reduce interest rates. Short-term lending interest rates for priority sectors remained low, averaging 3.9%/year, lower than the prescribed ceiling of 4%.
As of May 31, 2025, the total mobilized capital of credit institutions in the area reached VND 6,272 trillion, an increase of 3.51% compared to the end of 2024. Outstanding credit reached VND 4,881 trillion, an increase of 8.32%; of which, outstanding short-term loans increased by 10.51%, showing that credit is focusing on supporting short-term production and business activities. Priority areas such as small and medium enterprises, rural agriculture , exports, supporting industries, and high-tech applications continue to receive priority funding.
However, according to many industry associations, businesses in the area are still facing many difficulties. Factors such as high input costs, debt repayment pressure, consumer demand not recovering as expected, and credit access procedures that have improved but are still complicated... are slowing down the recovery of the manufacturing sector.
Some proposals to promote sustainable business development in 2025 include: continuing to reform administrative procedures, especially loan procedures; expanding preferential credit programs for small and medium enterprises; improving consulting capacity, supporting businesses in digital transformation and green transformation; and strengthening the connection between labor supply and demand in line with market needs.
In the coming time, Hanoi determines that business development will be closely linked to improving credit efficiency and removing real difficulties for the production sector. The city government is committed to accompanying businesses, continuing to improve support policies and mechanisms, creating a favorable, transparent and stable business investment environment for businesses to develop sustainably.
Source: https://doanhnghiepvn.vn/doanh-nhan/ha-noi-von-cua-cac-doanh-nghiep-thanh-lap-moi-tang-tren-53-/20250604082136972
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