Over 6,400 firms in Ho Chi Minh City resumed their operations in 11 months of this year despite the COVID-19 pandemic, up more than 21% year-on-year.

Over 37,500 new enterprises were licensed with a total registered capital of more than VND947 trillion (US$41.1 billion), down 7.3% in volume and up over 58% in registered capital annually.

Meanwhile, more than 126,000 firms changed business registration contents, with additional capital up over 41% year-on-year.

According to the municipal Department of Planning and Investment, over 5,100 firms completed dissolution procedures during the period, a rise of 15.6% compared to the same period last year.

As many as 13,000 companies suspended operations, up 41% annually.

The city is now home to over 443,600 firms with a registered capital of more than VND7 quadrillion.