Frozen seafood products packaged at a Saigon Food factory in HCM City (Photo:VNA) HCM City(VNA) – Ho Chi Minh City hopes to incorporate 50,000 new companies this year(2017) so that there are 500,000 operational ones by 2020, Chairman of the cityPeople’s Committee Nguyen Thanh Phong has said.
Speaking at an onlineGovernment conference last week, he said the city could boast of manysocio-economic accomplishments in 2016.
Its economic growth hadtopped 8.05 per cent to go past the year’s target and was the highest rate inthe last five years, surpassing last year’s 7.72, he said.
The sectors contributingthe most to the growth were finance-banking-insurance, trade, tourism,transport, logistics, telecommunications, information and communication, realestate, science and technology, high-tech healthcare, and education andtraining, he said.
This year the city tookmany measures and announced many policies and incentives to support enterprisesand improve the city’s business and investment climate and competitiveness, hesaid.
It also achieved goodresults in administrative operations and a breakthrough in administrativereform to create a comfortable, transparent and attractive business climate forinvestors, he said.
Administrativeprocedures have been abbreviated, especially those related to land, planningand construction, he said.
The city sent apologyletters to people in case of tardiness in processing any documents, especiallywith respect to land and housing, he said.
It offered total creditworth 1 trillion VND (43.9 million USD) from its fund to support start-upbusinesses, especially those by people aged below 35.
It also provided 2trillion VND (87.8 million USD) from the fund to a programme to stimulateinvestment and help start-ups buy equipment.
The city now has 290,000enterprises. Of them, 36,000 were established in 2016, 39.8 per cent in realestate, and 18.7 per cent in trade and retail.
But only 175,000 firmsare actually operational, with the number of those suspending operations ormoving out of the city rising.
To achieve thenew-enterprises target of, it is important to review the figures and the actualperformance of the operational companies, Phong said.-VNA
Speaking at an onlineGovernment conference last week, he said the city could boast of manysocio-economic accomplishments in 2016.
Its economic growth hadtopped 8.05 per cent to go past the year’s target and was the highest rate inthe last five years, surpassing last year’s 7.72, he said.
The sectors contributingthe most to the growth were finance-banking-insurance, trade, tourism,transport, logistics, telecommunications, information and communication, realestate, science and technology, high-tech healthcare, and education andtraining, he said.
This year the city tookmany measures and announced many policies and incentives to support enterprisesand improve the city’s business and investment climate and competitiveness, hesaid.
It also achieved goodresults in administrative operations and a breakthrough in administrativereform to create a comfortable, transparent and attractive business climate forinvestors, he said.
Administrativeprocedures have been abbreviated, especially those related to land, planningand construction, he said.
The city sent apologyletters to people in case of tardiness in processing any documents, especiallywith respect to land and housing, he said.
It offered total creditworth 1 trillion VND (43.9 million USD) from its fund to support start-upbusinesses, especially those by people aged below 35.
It also provided 2trillion VND (87.8 million USD) from the fund to a programme to stimulateinvestment and help start-ups buy equipment.
The city now has 290,000enterprises. Of them, 36,000 were established in 2016, 39.8 per cent in realestate, and 18.7 per cent in trade and retail.
But only 175,000 firmsare actually operational, with the number of those suspending operations ormoving out of the city rising.
To achieve thenew-enterprises target of, it is important to review the figures and the actualperformance of the operational companies, Phong said.-VNA
VNA
