Ha Noi supports startup individuals and organizations to establish enterprises (21:51 12/09/2018)

HNP - The Ha Noi People’s Committee issues Document No. 4665/QD-UBND dated September 5, releasing project on supporting startup in Ha Noi to 2020.

Accordingly, the project is implemented in the period of 2018 to 2020. It aims at following target groups: organizations and individuals that establish enterprises, and meet the criteria of determining small and medium enterprises (SMEs) according Clause 1, Article 4 of the Law on Supporting Small and Medium Enterprises 2017; business households which already register their business, have development potential for developing and transforming to enterprises; organizations which support enterprises and offer business supporting services to the SMEs in Ha Noi.

The project focuses on following points:

- Enhancing administrative reforms, helping the SMEs to enter the market; assisting SMEs in accessing credit and increasing efficiency in using capital for enterprises; supporting accounting work for the startup SMEs; helping the SMEs with ground for manufacturing; supporting market promotion and extension; supporting research, transfer, and innovation of technology; offering assistance in the field of information work, consultancy and legal support; and supporting human resources training for the SMEs, SMEs which used to be business households.

Ha Noi also takes its own measures to support the startups according to mechanism and policies, for example:  

- Popularizing policies on supporting establishment of enterprises in the city; increasing information work and popularization on mass media, particularly popularizing the benefit and support of the Government as well as the assistance of Ha Noi for business households transforming into enterprises, in order to increase awareness of the business households and encourage them to turn into enterprises; maintaining transparency, updating information, and providing guidance for all administrative procedures on websites of state managing agencies; updating the forms timely according to changes to ensure convenience in search and use.

- Supporting information work and popularization on mass media, such as Hanoimoi Newspaper, Kinh Te & Do Thi Newspaper, Ha Noi Radio and Television, radios of districts, suburban districts, and towns, websites of the state authorities and enterprises’ associations. The popularization focuses on policies and mechanisms, aiming to draw attention and encourage organizations, individuals and households in Ha Noi that have potential to turn into enterprises.

Through implementation of the project, Ha Noi expects to create favorable policies and mechanisms to promote and encourage organizations, individuals to establish enterprises and run their business according to the law; enhance the development of the private economy sector, contributing to boosting the economic development of Ha Noi and the whole country quickly and sustainably.

It also expects to create a favorable investment and business environment, support the business households to turn into enterprises and run their business lawfully, and create premise for effective and sustainable operation of these enterprises.

Annual new enterprise growth rate is expected to be at least 15% for the period of 2018-2020; by the end of 2020, there will be around 400,000 enterprises in Ha Noi registering their operation.

By Mai Phuong

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