HCM City licences 30,000 new businesses in nine months
HCM City licences 30,000 new businesses in nine months
HCM City has licenced nearly 30,000 new businesses with combined registered capital worth a total of VND667 trillion (US$28.64 billion) as of the beginning of October, according to the municipal Department of Planning and Investment.
The number of newly-established enterprises declined 7.5 per cent compared to the same period last year, though registered capital was up 34.7 per cent year-on-year.
The southern hub lured $3.25 billion in foreign direct investment (FDI) in the first nine months of this year, down 28 per cent from a year prior.
Up to $407.4 million was poured into 719 newly-licensed projects, $283.8 million added into 163 underway projects and $2.56 billion invested in 2,911 share trading deals.
Trade was the leading sector in FDI attraction with more than $751 million, accounting for more than 23 per cent of the total. It was followed by the property sector with $726.8 million and science-technology with $685.5 million.
The department said that in the future, the city will prioritise three investment areas: smart city, highly interactive and innovative urban area in eastern HCM City, and regional and international financial centre construction.
