Ho Chi Minh City attracted over 1.55 billion USD in foreign direct investment in the first quarter of this year, up 20.4 percent year-on-year, according to the municipal People’s Committee.
The number of newly-established businesses in the first quarter of this year reached 28,451 with the total registered capital of 375.5 trillion VND (16.14 billion USD), up 6.2 percent and 34.8 percent year-on-year, respectively.
Firms established in the past 11 months of this year registered the employment of 1.1 million workers, which showed a drop of 4.5 percent year-on-year, according to the General Statistics Office (GSO).
As many as 64,531 new enterprises have been set up in the first half of 2018 with a total registered capital of 649 trillion VND (28.6 billion USD), up 5.3 percent and 8.9 percent from the same period last year, respectively.
As many as 14,510 businesses were formed in April nationwide, representing a rise of 80 percent month-on-month, reported the General Statistics Office.
The central province of Quang Nam is home to nearly 6,000 businesses, including 153 foreign direct investment (FDI) projects with total registered capital of 5.58 billion USD.
The south central coastal province of Binh Thuan always creates the optimal conditions for enterprises and investors to do business and develop sustainably in the locality, said a local official.
The number of newly-established firms and firms resuming operations set a record in 2017 with more than 153,000 companies with total registered capital of 3.16 quadrillion VND (139 billion USD).
The increasing number of newly-established firms in the southern region in recent years has demonstrated their stronger confidence in Party and State policies designed to support the development of the private economy.
Vietnam totalled over 105,000 nationwide newly established companies in the first ten months of the year, a year-on-year increase of 14.6 percent, according to the Enterprise Development Agency under the Ministry of Planning and Investment.
An additional 29,921 new enterprises were established in Ho Chi Minh City this year by mid-September, with total capital exceeding 396 trillion VND (17.4 billion USD).
The Government’s solutions to support the development of enterprises has proven effective, with a surge in the number of newly established firms in the first nine months of 2017.
Accumulated foreign direct investment (FDI) in the real estate sector reached 51.1 billion USD as of the end of September, accounting for 16.5 percent of the total FDI in Vietnam, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
An additional 22,972 new enterprises were established in HCM City in the first seven months of the year with a combined registered capital of 297 trillion VND (13 billion USD).
Up to 8,990 firms were established nationwide with a total registered capital of 90.3 trillion VND (3.92 billion USD) in January, up 8.1 percent in number and 52.3 percent in capital value.
The number of newly-established firms hit a record high of 110,100 in 2016, up 16.2 percent from 2015, according to the Business Registration Management Agency under the Ministry of Planning and Investment.
Vietnam saw 8,320 new enterprises begin operations, with total capital of 59.3 trillion VND (2.7 billion USD) in the first month of this year, according to the General Statistics Office (GSO).
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