Accordingly, as estimated, as of the end of June 2013, the capital city saw 7,000 newly licensed companies with pledged capital of 52.3 trillion dong, down 9.5 percent in volume of companies but up 13.2 percent in committed capital over the same period last year.

Notably, the number of companies suspending operations in the city declined over the same period last year but the ratio still remained high.

Cumulatively, in Jan-May, there were 6,192 companies suspending operations, down 20 percent on year, of which, 222 companies made the dissolution (up 27 percent) and 1,266 others are making procedures for dissolutions (up 27 percent year-on-year), 2,804 companies left business address (down 2 percent) and the number of companies suspending operation was 1.900 (down 49 percent).

As reported, in Jan-Jun, Hanoi attracted 104 foreign direct investment (FDI) projects valued at $300.5 million, of which, some large projects are being considered to receive investment procedures and increase investment capital such as basin cycling racing stadium project worth $500 million, Quoc Oai urban zone project worth $140 million and SAS hotel valued at $236 million.

The capital city’s gross domestic product (GDP) growth in Jan-Jun was estimated at 7.67 percent, higher than the growth in the first quarter of this year at 4.89 percent but still lower than the plan of 8-8.5 percent.

The city’s consumer price index (CPI) in the first half of this year was estimated to rise 5.8 percent, lower than the rise of 12.42 percent in the same period last year.

VnEconomy - July 4, 2013