Southern Ben Tre province aims for 500 new firms each year, bringing the total number of enterprises to 5,000 by 2020. (Photo: enternews.vn)
Ben Tre (VNA)- The southern province of Ben Tre has targeted to open 500 newfirms each year, bringing the total number of enterprises to 5,000 by 2020.
The number ofnewly-established companies in the province has increased this year, thanks tothe launch of a startup programme.
In the first nine monthsof the year, the province had 400 newly-established businesses, posting an increaseof 55 percent year-on-year. Registered capital in the January-September periodrose 2.3 times in comparison with the same period last year. Average registeredcapital for each business was 6.42 billion VND (283,000 USD), which was higherthan the 5.3 billion VND in the corresponding period last year.
The number of small andmicro firms has gradually reduced in the province.
Le Xuan Vinh, director ofBen Tre’s centre for promotion and startups, said the province has 2,952operating businesses. This number was modest in comparison with other localitiesin the Mekong Delta region.
Ben Tre has promulgatedlegal documents, policies and mechanism to facilitate businesses’ development,attracting investors. It has implemented a startup programme – a key solutionto improve its business environment.
The provincial People’sCommittee has asked the centre to support firms in completing administrativeprocedures for startups. The province has established a team to provide supportfor free to firms in administrative procedures relating to investment andrelevant sectors.
Startups and householdbusinesses will be granted a business registration licence in one day. Theprovince will also give 3.5 million VND to each startup and household businessto be used for fees of establishment and developing the brand name.
In addition, it haspromulgated a regulation to shorten time to resolve administrative proceduresin investment for projects that are not funded by the State budget.
Nguyen Huu Lap, Vice Chairmanof the provincial People’s Committee, said the province adjusted the target todevelop 500 new firms per year instead of 300 in the next five years.
“Ben Tre has focused ondeveloping its economy, building infrastructure and appealing for investmentfor its higher growth,” Lap said.-VNA
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Southern Ben Tre province aims for 500 new firms each year, bringing the total number of enterprises to 5,000 by 2020. (Photo: enternews.vn) 
