Business registry increases strongly in Binh Duong

Work in progress at the Esquel Garment Manufacturing Vietnam Company in the southern province of Binh Duong. (Source: bizhub.vn)

Binh Duong (VNA) – The southern province of Binh Duong has seen the business registry of 1,684 enterprises since the beginning of this year, according to Nguyen Thanh Truc, Director of the provincial Department of Planning and Investment.

These enterprises represent a combined capital of 8,403 billion VND (370 million USD). Of which, 285 increased their capital with 4,353 billion VND (191 million USD).

Until now, the province has had 23,141 valid enterprises with a combined capital of 172,582 billion VND (7.6 billion USD), in which small- and medium-sized enterprises make up 95 percent.

Truc said most enterprises registered as multi-sector businesses and mainly operate in trade and services (75 percent), industry and construction (24 percent) and others in agriculture, forestry, fishery and mining.

The province has simplified administrative procedures to cut time for business registry from 15 to 8 days.-VNA