HCM City aims to have 500,000 enterprises by 2020

by VTV404 July 2016 Last updated at 11:25 AM

VTV.vn - HCM City intends to have 500,000 enterprises by 2020, equivalent to half of the number of businesses nationwide. The target was announced at a meeting between local leaders and businesses.

To achieve this goal, the city will have to accelerate the formation of a start-up ecosystem and promote entrepreneurship and support 2,000 start-up projects through counselling, training and incubation. The city also needs to develop its infrastructure to provide a framework for a thriving start-up ecosystem. Further administrative reform during 2016 to 2020 was also discussed.

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