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First VietnaOverseas Vietnamese open 528 companies in Saigon in 2007
Written by tuan on 2008/01/25 12:04
The number of overseas Vietnamese companies created last year in HCM City was 528, with a total capital of US$144.5 million, double the previous year's figure.
Five-hundred and fourteen of these companies, capitalised at 2.23 trillion dong (US$140 million), will operate under the Domestic Investment Law.
Fourteen others worth 4.5 million will operate under the Foreign Investment Law, including six involved in the software industry, according to the HCM City Committee for Overseas Vietnamese.
The committee said last year it received 2,344 overseas Vietnamese who came to complete procedures needed to confirm their Vietnamese origin.
Of those, Vietnamese-Americans accounted for 50% and Vietnamese-Europeans 30%.
For the first day of the year, remittances from overseas Vietnamese via the banking system amounted to US$2.7 million.
Five-hundred and fourteen of these companies, capitalised at 2.23 trillion dong (US$140 million), will operate under the Domestic Investment Law.
Fourteen others worth 4.5 million will operate under the Foreign Investment Law, including six involved in the software industry, according to the HCM City Committee for Overseas Vietnamese.
The committee said last year it received 2,344 overseas Vietnamese who came to complete procedures needed to confirm their Vietnamese origin.
Of those, Vietnamese-Americans accounted for 50% and Vietnamese-Europeans 30%.
For the first day of the year, remittances from overseas Vietnamese via the banking system amounted to US$2.7 million.
