Hanoi Targets 30,000 New Business Registrations in 2023
THE HANOI TIMES — Hanoi has set its sights on an ambitious business growth plan, with targets to register 30,000 new enterprises in 2025 and an additional 200,000 by 2030. This was outlined in a directive (Document No. 129/KH-UBND) issued by Chairman of the Hanoi People’s Committee, Tran Sy Thanh, on May 10, 2025, which aims to boost the development of small and medium-sized enterprises (SMEs). A bustling garment factory in Dong Anh District, Hanoi. Photo: Chien Cong/The Hanoi Times, depicting workers operating machinery and overseeing the garment production process. The directive emphasizes a citizen-centric and business-friendly approach, calling for local agencies to provide proactive and coordinated support. To enhance the business environment, Hanoi will further simplify administrative processes in 2025, reducing time and compliance costs by at least 30% for procedures under its jurisdiction. In addition to process streamlining, Hanoi aims to eliminate at least 30% of unne...