More than 20,000 new companies opened in Ho Chi Minh City in thefirst nine months of the year, with the city's support policies haveseen thousands of businesses resume operations.
The city'sTax Department reports that in the reviewed period, the number ofcompanies that stopped operations was less than that of the newlyregistered and re-opened ones.
More than 20,700 newcompanies were established as of September, pushing the total number ofcompanies in the city to more than 137,700.
During thisperiod, more than 5,200 firms resumed operations, which is a positivesign for the city's economy, the department said.
It noted that the companies that resumed operations were mostly in trade, services, garment, and timber industries.
As of September, just 18,000 companies had closed shutters, significantly lower that similar figures last year.
The department attributed this result to the city being able to helpenterprises overcome various challenges, particularly throughpreferential credit and tax policies.
These policies have helped companies re-plan their strategy and resume production, the report said.-VNA