881 IT Enterprises Founded in HCMC

View of the Sai Gon Software Park in Ho Chi Minh City. Dozens of IT firms gather here. (Photo: Tuong Chau)

There are 881 enterprises with registered business areas involving information technology founded in Ho Chi Minh City in the first nine months of this year, with the total registered capital of more than US$99.25 million, according to the Ho Chi Minh City Department of Posts and Telematics.

Over fifty percent of them specialize in only IT business with the total registered capital of more than US$18 million and 14 foreign-owned companies with the total registered capital of US$11.4 million.

So far, 5,935 IT companies have been established in the city, with the total registered capital of nearly US$1 billion. In addition, 271 electronic producers were founded with the total registered capital of up to US$78.5 million, including 4 foreigner-owned electronic appliance makers.

By H.M.T - Translated by Hoang Uy

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