Friday, August 24, 2007

11,000 HCM City company start ups in Jan-Aug


24-AUG-2007 Intellasia | Kinh Te Vietnam & The Gioi page 5
Aug 24, 2007 - 7:05:00 AM



Over 11,000 new private companies were registered in January-August with total capital of 83 trillion dong (US$5.1 billion), of which 1,710 joint stock companies or 15.5% but accounting for 77.3% of registered capital, according to HCM City's Department of Planning and Investment.

In August, another 1,737 company start ups were established with the capital of 11.7 trillion dong.

In 2000, the city registered only 4,600 new companies and the figure grew to 50,000 in 2005.

HCM City now has 110,000 private companies capitalised at 415.19 trillion dong.