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Hanoi (VNA) – Up to 12,100 new enterprises were established in the capital city of Hanoi in the first six months of 2018, with total registered capital of 124 trillion VND (around 5.46 billion USD), reported the municipal People’s Committee.

The figures represent a reduction of 3 percent in the number of businesses but an increase of 31 percent in the amount of capital compared to the same period last year.

During the period, nearly 1,950 firms resumed their operations, down by 1.5 percent year-on-year, while more than 4,300 stopped operations, surging by 51 percent over the same period last year.

Hanoi also saw 720 firms completing dissolution procedures in the first half of the year, 32 percent higher than last year’s corresponding period, the report said, adding that as of June, the city is home to some 251,500 enterprises.

From January to June, the city’s total social investment capital reached an estimated 128.9 trillion VND (5.67 billion USD), up by 10 percent year-on-year.

The registered capital of investment projects outside the State budget hit 80 trillion VND (3.52 billion USD), up 19 percent year-on-year, while foreign investment stood at 1.2 billion USD, up by 9.5 percent compared to the same period last year.

To date, the city has 4,325 valid foreign direct investment (FDI) projects, capitalised at 27.94 billion USD, of which 15.4 billion USD has been disbursed.-VNA