Over 16,100 firms join Ho Chi Minh City market in Q1

April 03, 2024

Ho Chi Minh City saw 16,161 firms newly established or resuming operations between January and March, while some 16,180 enterprises left the market during the period, according to the city's Statistics Office. It meant that in the first quarter of 2024, for every firm entering Ho Chi Minh City, there was one business pulling out of the market. Their total registered capital grew 17 percent from the figure recorded in the same period last year. Since the start of the year, the Ho Chi Minh City market has shown some positive signs of recovery due to surging demands for material imports, according to a recent report released by the Ho Chi Minh City Business Association (HUBA). Several firms have won orders set for delivery until June, or even December, broadening an upbeat economic outlook.

The source of this news is from Tuoi Tre News