Registered capital of real estate firms highly increases

HCMC recorded 12,088 domestic firms established with the total registered capital of VND132,600 billion (US$5.83 billion), in which real estate firms’ funds was highest accounting for 38 percent of total in the first four months this year.

 Real estate businesses’ registered capital highly increases in HCMC during the first four months this year (Photo: SGGP)

Real estate businesses’ registered capital highly increases in HCMC during the first four months this year (Photo: SGGP)

That was reported at a socioeconomic review meeting chaired by chairman of the city People’s Committee Nguyen Thanh Phong yesterday.
The number of newly established companies and registered capital was a year on year increase of 12 percent and 60 percent.
Of the total registered capital, real estate firms held most with 38 percent, followed by those from wholesale, retail, auto and motorbike repair fields with nearly 20 percent.
Processing and manufacturing firms made up 5.2 percent while information and communications accounted for 5 percent.
At present, the number of registered businesses in the Department of Planning and Investment’s system reaches 306,400. HCMC has set a target to have 60,000 new businesses this year and 500,000 active enterprises by 2020.

By VAN ANH – Translated by Hai Mien

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