Nearly 200 outstanding Hanoi enterprises honoured hinh anh 1Chairman of the Hanoi People’s Committee Nguyen Duc Chung (centre) poses for a group photo with outstanding entrepreneurs (Photo: VNA)
Hanoi (VNA) – Close to 200 businesses representing over 270,000 enterprises in Hanoi were honoured at a programme held at the Opera House on October 11 night for their outstanding performance as well as their important contributions to the development of the capital city and the nation.

The programme “Business Night 2019” was held by the Hanoi Association of Small and Medium-sized Enterprises on the occasion of the 65th anniversary of Hanoi’s liberation (October 10) and the 15th anniversary of Vietnam Entrepreneurs Day (October 13).

Speaking at the event, Chairman of the municipal People’s Committee Nguyen Duc Chung said over the past years, Hanoi has stepped up administrative reform and increased the application of information technology to reduce time and costs for businesses.

The city has issued many policies to support startup and innovation with a goal of building Hanoi into a startup and innovation centre of the country and a venue that connects resources of the startup ecosystem, he said.

Appreciating the great contributions of the local business community, especially SMEs, to the city’s general development over the past time, Chung said he believes that in 2020 and following years, the business community will continue playing a core role in the capital’s development and prepare firm conditions for their international integration.

Also at the event, local businesses donated over 3 billion VND (129,300 USD) for the Hanoi Fund for Children to help poor children and families with difficulties in the city.

With the business community’s contributions, in 2018, the Provincial Competitiveness Index of Hanoi leapt 15 places to ninth position among the country’s 63 provinces and cities.

The favourable environment has helped raise the number of enterprises established in the city since 2016 to almost 93,000, an increase of 22.5 percent compared to the 2011-2015 period, with a combined capital of 280.1 trillion VND, 1.17 times higher than the capital registered between 2011 and 2015.

Hanoi has attracted 20.28 billion USD in foreign direct investment (FDI) since 2016, rising over three-fold from 2011-2015 and making the city the best performer in FDI attraction nationwide.

|The private economic sector has become an important driving force of the local economy with its proportion increasing from 37.5 percent of the GRDP in 2015 to 39 percent in 2018.

Hanoi posted average annual economic growth of 7.2 percent between 2016 and 2018. The size of its economy has also expanded, with GRDP hitting 920.27 trillion VND (39.6 billion USD) last year./.