10,000 businesses set up under new Enterprise Law

Ha Noi, Oct. 30 (VNA) -- The Water and Development Joint Stock Company in Ho Chi Minh City became the 10,000th business set up under the revised Enterprise Law on Oct. 10.
The company, with a registered capital of VND 15 billion (USD 1.07 million) will be involved in the exploitation, treatment and trade of safe water, civil engineering, water supply and drainage projects, forest and industrial tree planting projects.

Over the past 10 months, more than 10,000 businesses were set up under the Enterprise Law, an increase of three times in the number of enterprises and two times in registered capital compared to the same period last year.