Hanoi recorded 22,000 newly established enterprises from January to August 2025, up 6.6% compared to the same period last year, the Hanoi Statistics Office reported.

Inside Rhythm Precision Vietnam Co, Ltd at Noi Bai Industrial Park, Hanoi. Photo: Pham Hung/The Hanoi Times

The total registered capital during this period reached VND240.9 trillion ($9.12 billion), representing a 26.1% increase year-on-year.

During the same period, 7,600 enterprises resumed operations, up 5.4% year-on-year, helping to boost market vitality and broaden the city’s economic base.

In August 2025 alone, Hanoi granted certificates to 3,287 newly established enterprises, marking a 37.9% increase compared to the same month of 2024.

The total registered capital in the month stood at VND54.1 trillion ($2.04 billion), doubling the figure from the same period. At the same time, 832 enterprises resumed operations, representing a 28% increase year-on-year.

The Hanoi Statistics Office noted that all enterprise registration applications were processed online, with a 100% completion rate, ensuring timely and efficient service.

The city has also been implementing comprehensive policies to foster a favorable business environment, particularly for small and medium-sized enterprises.

To achieve its socio-economic development goals for 2025, Hanoi continues supporting capital and credit access, accompanying business operations and promoting growth.