Hanoi, May 12 -- Hanoi strives to have 30,000 new businesses in 2025 and additionally 200,000 firms by 2030 in its efforts to promote the development of small-and-medium-sized enterprises (SMEs).

By the end of 2024, the number of registered enterprises in the capital city reached over 400,000, with about 220,000 operating.

Notably, more than 98% of the operating firms are SMEs which create jobs for 55.1% of the local workforce and contribute over 40% of the city's gross domestic product (GDP).

However, this sector still faces a host of difficulties as the number of dissolved and temporarily suspended enterprises has increased, while that of newly registered businesses has decreased.

Implementing the Prime Minister's direction on promo...