Hanoi ranks first in online business registrations

April 07, 2019 | 15:25

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Hanoi continues to rank first among the 63 cities and provinces in Vietnam in online business registrations in the first quarter of 2019, showing the city’s strong efforts to improve its business climate.

hanoi ranks first in online business registrations

The conference to review Hanoi's online business registrations

The Hanoi Department of Planning and Investment on April 4 helped a conference to review online business registrations in the past three years and in the first quarter of 2019.

In the first quarter, the number of businesses registering online was 99.8 per cent of total, ranking first among the 63 cities and provinces, followed by Nghe An, Binh Duong, Gia Lai, Son La, Haiphong, and Ho Chi Minh City.

Looking back on 2016-2018, Hanoi maintained the first rank in online business registration. In particular, in 2018, Hanoi granted business registration certificates to 25,187 new businesses, up 3 per cent on-year.

With great efforts in administrative reforms, Hanoi’s business climate has improved greatly. The city’s Provincial Competitiveness Index (CPI) has been improving continuously since 2012, and in 2018 the city was named among the 10 cities and provinces with the highest CPI score with 65.4 points, up 0.69 points from 2017.

The city has set out several tasks to continue improving its business climate in 2019, with administrative reform being one.

Moreover, the city is considering approving a scheme on risk management in the supervision of business activities in the second quarter of 2019.

In 2018, Hanoi became Vietnam’s most attractive investment destination with a total registered foreign direct investment (FDI) capital of $7.5 billion, making up 21.2 per cent of the country’s total, followed by Ho Chi Minh City and Haiphong.

In the first quarter of 2019, Hanoi continued to keep the first rank when by attracting $4.15 billion worth of FDI, accounting for 38.4 per cent of the country’s total.

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By Bich Thuy

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