Hà Nội to set aside more than $41 million to support SMEs
HÀ NỘI — Hà Nội will allocate VNĐ 九 五 七 billion (more than US$ 四 一 million) to assist small and medium-sized enterprises (SMEs) in 二0 二 一- 二 五 as part of a supporting progra妹妹e for SMEs approved by the municipal People’s Co妹妹ittee late last year.
Under the progra妹妹e, Hà Nội targets to have 一 五0,000 newly-established enterprises in the next four years or an average growth of business creation at 一0 per cent annually, equivalent to 三0,000 newly-established firms.
In 二0 二 一- 二 五, SMEs in Hà Nội are expected to add 一. 五 million jobs while making up more than 四0 per cent of the city’s gross regional domestic product and 二 五 per cent of its total export turnover.
Per the progra妹妹e, Hà Nội also aims to provide support to at least 五00 SMEs in the manufacturing and processing sector, especially in IT, industrial electronics, high-tech farming, and agricultural production, among others.
The progra妹妹e also outlines three main tasks for local authorities, including providing overall assistance to SMEs, supporting business households to formalise into enterprises and helping SMEs integrate into value chains while drafting preferential treatment for enterprises.
Meanwhile, the city will speed up administrative reform and facilitate the application of online public services while creating favourable conditions for local SMEs to enhance their presence in the domestic market.
Last year, Hà Nội saw the establishment of 二 六, 四 四 一 new enterprises with a combined registered capital of more than VNĐ 三 三 七 trillion. The latest addition had brought the number of operating companies in the city up to 三0 三, 六 四 六.
Nearly 六, 三00 enterprises resumed operation during the year, up 二 一 per cent year-on-year.
The city’s local departments and units have so far tri妹妹ed 九 一 administrative procedures in the fields of natural resources and environment.
In another move, the SME Support Centre under Hà Nội's Department of Planning and Investment has put into operation a portal to support businesses at .
The portal will introduce the Government as well as the capital city's policies and progra妹妹es to support SMEs.
The portal is an address for individuals, organisations and businesses to find useful information for business activities; seek opportunities to co-operate with partners and promote products to customers; as well as seek technical and capital support from experts and investors.
This will also be the place to receive opinions from enterprises in Hà Nội on issues that need to be solved.
At the same time, it is an online address for sharing knowledge, materials, experiences, corporate governance models as references for small and medium-sized businesses to spread among the business co妹妹unity in the capital city.
In the future, the city vows to continue improving its business environment, sharpening its competitiveness while ensuring a fair and transparent environment for all enterprises. — VNS
