The city saw the resurgence of 4,500 companies that had previously ceased operation, a year-on-year increase of 10%.
Meanwhile, more than 14,200 enterprises dropped out of the market, and 1,400 others were dissolved during the period, growing 24% and 12%, respectively, against the same period in 2023, posing great challenges to the labour market.
Director of the department Dau Ngoc Hung said the employment rate at industrial enterprises decreased 2% year on year, adding the number of workers in foreign-invested and non-state sectors fell 2.5%.
The figures in the sectors of processing and manufacturing, and power and gas production and distribution slid 2.5% and 0.4%, and those in water supply and waste treatment and mining rose 1.3% and 45.6%.
However, thanks to the municipal People’s Committee's resolve and rational solutions, the index of industrial production in the four-month period increased 4.5% against the same time last year, with processing and manufacturing up 3.6%, power generation and distribution up 13.6% and water supply and waste treatment up 9%.
As various measures were rolled out to lure more foreign direct investment (FDI) projects, the city attracted more than 1.13 billion USD in FDI capital during January-April.
The local administration also held meetings and dialogues with businesses in an effort to remove bottlenecks and help workers stablise their jobs
Vietnam among Asia's 15 largest economies
The statistical visualisation platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some 506 billion USD in 2025.