Business

New business registrations in Hai Duong jump over 21%

HV 06/05/2025 20:03

The number of newly-established businesses in Hai Duong has risen significantly, reflecting growing confidence in the province’s economic prospects and investment environment amid signs of economic recovery.

Sở Tài chính đã rút ngắn thời gian giải quyết thủ tục hành chính trong lĩnh vực đăng ký thành lập doanh nghiệp từ 3 ngày làm việc theo quy định xuống còn 2 ngày kể từ khi nhận đủ hồ sơ hợp lệ. Trong ảnh: Công chức Sở Tài chính tiếp nhận, giải quyết hồ sơ thủ tục hành chính cho người dân, doanh nghiệp
The Department of Finance has reduced business registration processing time from three to two working days. In the photo: A staff member of the Department of Finance handles administrative procedures for residents and businesses

As many as 723 new businesses were founded in Hai Duong province in the first four months of 2025, marking a 21.3% increase compared to the same period last year, according to the provincial Department of Finance.

The enterprises’ registered capital totaled 6,363.6 billion VND.

Hai Duong now has over 20,000 enterprises, the majority of which are small- and medium-sized ones, with a total charter capital of over 250 trillion VND, up around 3 trillion VND year on year.

The province aims to boost the number of new business registrations in the whole year 2025 by at least 10% compared to 2024.

The increase in new business formations is largely attributed to economic recovery and enterprises’ confidence in the province’s economic prospects and investment environment.

Notably, right at the beginning of 2025, the Department of Finance shortened the processing time for business registration procedures from the regulated three working days to just two, once valid documents are submitted, making it easier for businesses to enter the market.

During the same four-month period, 144 businesses in the province filed for dissolution, up 71.2%; 842 companies temporarily suspended operations, up 19.4%; and 280 others resumed operations, an 8.1% increase year on year.

HV

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New business registrations in Hai Duong jump over 21%