5,443 businesses were established in Ho Chi Minh city in 2000

Ha Noi, Jan. 3 (VNA) -- A total of 5,443 businesses with a combined capital of VND 6,500 billion (USD 464 million) were established in Ho Chi Minh City in 2000, the first year after the Enterprise Law took effect.

The figures showed year-on-year increases of 130 percent and 70 percent in the number of businesses and capital, respectively.

Besides, 8,565 other businesses added more than VND 3,000 billion to their investment capital.

Fifty-six percent of these enterprises engage in trading, services, hotel business; 15 percent in the processing industry; 7 percent in construction, and 3 percent in transport.

The city has created favourable conditions for the registration and operation of enterprises according to law.

The country granted establishment licences to about 13,500 enterprises with a combined registered capital of VND 13,000 billion (more than USD 902 million) in 2000 in accordance with the Enterprise Law.--VNA