Southern B​en Tre ​province aims for 500 new firms each year, bringing the total number of enterprises to 5,000 by 2020. (Photo:

Ben Tre (VNA)
– The southern province of Ben Tre has targeted to open 500 new
firms each year, bringing the total number of enterprises to 5,000 by 2020.

The number of
newly-established companies in the province has increased this year, thanks to
the launch of a startup programme.

In the first nine months
of the year, the province had 400 newly-established businesses, posting an increase
of 55 percent year-on-year. Registered capital in the January-September period
rose 2.3 times in comparison with the same period last year. Average registered
capital for each business was 6.42 billion VND (283,000 USD), which was higher
than the 5.3 billion VND in the corresponding period last year.

The number of small and
micro firms has gradually reduced in the province.

Le Xuan Vinh, director of
Ben Tre’s centre for promotion and startups, said the province has 2,952
operating businesses. This number was modest in comparison with other localities
in the Mekong Delta region.

Ben Tre has promulgated
legal documents, policies and mechanism to facilitate businesses’ development,
attracting investors. It has implemented a startup programme – a key solution
to improve its business environment.

The provincial People’s
Committee has asked the centre to support firms in completing administrative
procedures for startups. The province has established a team to provide support
for free to firms in administrative procedures relating to investment and
relevant sectors.

Startups and household
businesses will be granted a business registration licence in one day. The
province will also give 3.5 million VND to each startup and household business
to be used for fees of establishment and developing the brand name.

In addition, it has
promulgated a regulation to shorten time to resolve administrative procedures
in investment for projects that are not funded by the State budget.

Nguyen Huu Lap, Vice Chairman
of the provincial People’s Committee, said the province adjusted the target to
develop 500 new firms per year instead of 300 in the next five years.

“Ben Tre has focused on
developing its economy, building infrastructure and appealing for investment
for its higher growth,” Lap said.-VNA