An additional 29,921 new enterprises were established in Ho Chi Minh City in the first nine months of the year. (Photo: baocongthuong.com.vn)
HCM City (VNA) – An additional 29,921 new enterprises were establishedin Ho Chi Minh City this year by September, with total capital exceeding396 trillion VND (17.4 billion USD).
Although the number of new firms rose only 13 percent, registered capitalsurged 84.5 percent year on year.
Some 44,087 enterprises registered to change their fields of business in theperiod with total additional capital of more than 218 trillion VND (9.6 billionUSD), up 11.2 percent in number of businesses and 49.6 percent in capital fromlast year.
Of the new firms, one-member limited companies made up the highest proportion(58.6 percent) with 17,546 enterprises, followed by two-member limitedcompanies (28 percent) with 8,387 enterprises, joint-stock companies (11.9percent) with 3,581 enterprises, and private firms (1.4 percent) with 404enterprises.
In terms of sectors, real estate had the largest pool of newly establishedcompanies (39.5 percent) with total registered capital of nearly 156.7 trillionVND (6.9 billion USD). The retail, automobile repair and motorbike industriesalso occupied a high proportion (16.2 percent) with total capital of more than64.3 trillion VND (2.8 billion USD).
In order to have 500,000 enterprises by 2020, the city is working to transformhousehold businesses into enterprises. To date, nearly 1,400 home businesseshave switched into companies.-VNA
VNA
