Over 20,000 new enterprises were established in Hanoi in the first eight months of 2022, with a total registered capital of 226 trillion VND, representing year-on-year increases of 22% and 2%, respectively.
About 700,000 enterprises are expected to enjoy a cut in corporate income tax (CIT) to between 15-17 percent from July 1 this year, down from the current rate of 20 percent.