This was an increase of 13% in the number of newly established businesses and 84.5% in registered capital, with most of the new businesses located mainly in Districts 1, Tan Binh, Go Vap, Binh Thanh and Binh Tan.
In addition, more than 44,000 operating companies have pledged an additional registered capital of VND218.3 billion, up 11.2% and 49.6%, respectively, compared to the same period last year.
Overall, the total registered capital of new and operating companies in HCM City in the first nine months was VND614.8 billion, a year-on-year increase of 70.4%.
Real-estate service and trading companies had the largest registered capital with more than VND156.6 trillion, accounting for 39.5% of the city’s total, representing an increase of nearly 75% year-on-year.
Auto and motorbike repair and sales companies made up 16.2% with over VND64.3 trillion, up 66.6%, and construction had over VND52.8 trillion, a twofold increase over the same period last year.
Notably, the science and technology, design consultancy and marketing sectors saw over VND29.5 trillion registered capital in the period, a two-fold year-on year increase.
The city, which targets having 500,000 operating enterprises by 2020, is assisting and encouraging business households to become official enterprises.
Nearly 1,400 business households are now official enterprises.