Business registry increases strongly in Binh Duong

09:51 | 01/07/2016 Economy

The southern province of Binh Duong has seen the business registry of 1,684 enterprises since the beginning of this year, according to Nguyen Thanh Truc, Director of the provincial Department of Planning and Investment.

Business registry increases strongly in Binh Duong

These enterprises represent a combined capital of VND8,403 billion (US$370 million). Of which, 285 increased their capital with VND4,353 billion US$191 million). 

Until now, the province has had 23,141 valid enterprises with a combined capital of VND172,582 billion (US$7.6 billion), in which small- and medium-sized enterprises make up 95%. 

Truc said most enterprises registered as multi-sector businesses and mainly operate in trade and services (75%), industry and construction (24%) and others in agriculture, forestry, fishery and mining. 

The province has simplified administrative procedures to cut time for business registry from 15 to 8 days./.

Source VOV News