Hanoi leads nation in business registration online processing

Last year, Hanoi granted business licenses to more than 25,100 newly-established firms with a total registered capital of 392 trillion VND (17 billion USD), up 3 percent in volume and 84 percent in value compared to a year earlier. 



In the first quarter of this year alone, there were over 6,200 newly-established firms with a total registered capital of nearly 52 trillion VND, up 15 percent in volume against the same period last year. 



Director of the municipal Department of Planning and Investment Nguyen Manh Quyen said Hanoi pledges to partner with enterprises in business registration in order to improve business environment and competitiveness. 



The department will cut timeline for dealing with simple procedures such as seal registration, business shutdown and changes to business activities, he said. 



Earlier, the city waived business registration fee from July 1, 2017 for online applications. 



In order to support newly-established small- and medium-sized enterprises, the city also offered a grant of 300,000 VND in business and seal registration each. 



On the occasion, the department signed cooperation agreements with units concerned to assist firms in registration for banking accounts and digital signatures. Quyen also granted business licenses to 15 newly-established firms in the city.-VNA