Tuesday,  Oct 23, 2018,18:29 (GMT+7) 0 0
Over 2,800 businesses set up in HCMC in January
Van Nam
Friday,  Feb 2, 2018,00:02 (GMT+7)

Over 2,800 businesses set up in HCMC in January

Van Nam

HCMC – Last month saw 2,817 new enterprises coming into being in HCMC with total registered capital of VND19.58 trillion, data of the HCMC government shows.

Besides the new enterprises, as many as 3,640 existing enterprises adjusted their business registration content last month with an additional VND40.567 trillion.

In all, total fresh and additional capital of HCMC-based enterprises in January was VND60.15 trillion, up nearly 40% against the same period a year earlier.

Meanwhile, foreign direct investment (FDI) attraction of HCMC recorded a year-on-year rise of nearly 27% last month with some US$224 million. In particular, there were 41 new projects, 13 projects with adjusted investment capital, and 147 cases in which foreign investors contribute capital, acquire shares and buy stakes in domestic enterprises.

The HCMC investment environment continued to improve last year as manifested by increasing overall investment in the economy, FDI capital, domestic investments, budget revenue, exports and imports. The city’s gross regional domestic product (GRDP) grew by 8.25% last year.

As for this year, the city government looks to achieve GRDP growth of 8.3-8.5%, raise total investment to 35% of GRDP, and realize the budget collection target of VND376.78 trillion. The city also aims to have 46,000 new enterprises, generate jobs for 130,000 people, raise the percentage of workers with vocational training to 80%, and bring down unemployment to below 3.8%, among others.

In addition, HCMC targets a place in the top 16 of the Vietnam Provincial Governance and Public Administration Performance Index (PAPI), the top five of the Provincial Competitiveness Index (PCI) and the top 10 in the Public Administration Reform Index (PAR Index).

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