According to HUBA Chairman Chu Tien Dung, on an annual basis, these enterprises and businessmen have together earned more than VND250 trillion (US$10.7 billion) in revenue and contributed close to VND20 trillion ($856.5 million) to the city’s budget. They have also created over 130,000 jobs and donated over VND500 billion ($21.4 million) to social welfare activities.

Speaking at the ceremony, Secretary of the municipal Party Committee Nguyen Thien Nhan praised the significant contributions of the local enterprises in the past years. He highlighted the private sector as a key driving force of the market economy.

HCM City currently houses over 361,000 enterprises and more than 250,000 household businesses.