Over 6,400 firms resume operations in HCM City

Over 6,400 firms in Ho Chi Minh City resumed their operations in 11 months of this year despite the COVID-19 pandemic, up more than 21 percent year-on-year.
Over 6,400 firms resume operations in HCM City ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – Over 6,400 firms in Ho Chi MinhCity resumed their operations in 11 months of this year despite the COVID-19pandemic, up more than 21 percent year-on-year.

Over 37,500 new enterprises were licensed with a totalregistered capital of more than 947 trillion VND (41.1 billion USD), down 7.3percent in volume and up over 58 percent in registered capital annually.

Meanwhile, more than 126,000 firms changed business registrationcontents, with additional capital up over 41 percent year-on-year.

According to the municipal Department of Planning andInvestment, over 5,100 firms completed dissolution procedures during theperiod, a rise of 15.6 percent compared to the same period last year.

As many as 13,000 companies suspended operations, up 41percent annually.

The city is now home to over 443,600 firms with a registeredcapital of more than 7 quadrillion VND./.
VNA

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Vietnam and the US hold the second negotiation session of the bilateral agreement on reciprocal trade in Washington D.C from May 19 to 22. - Illustrative image (Photo: VNA)

Vietnam, US look to boost bilateral economic, trade cooperation

Dien stated that Vietnam has a strong and stable demand for US products, equipment, and services, especially in hi-tech and energy sectors. He affirmed Vietnam’s commitment to fostering a transparent and healthy trade environment, noting that Vietnam stands ready to boost coordination with the US side in combating trade fraud, origin fraud, and illegal transshipment.

Ba Son bridge connects downtown Ho Chi Minh City with Thu Thiem urban area (Photo: VNA)

New development momentum for Vietnam’s economic locomotive

For over five decades, the Southeast region has been recognised as Vietnam’s economic and growth engine. At its core is HCM City, flanked by Binh Duong and Ba Ria – Vung Tau, together forming key growth poles not only for the Southeast but for the entire country.