Some 87,448 new enterprises were established in the first eight months of the year, registering a total capital of VND878.6 trillion (US$37.7 billion), a year-on-year increase of 2.4% in number of firms and 6.9% in capital, according to the General Statistics Office (GSO)
In August, the country had 11,655 newly-established firms with total registered capital of VND107.6 trillion (US$4.62 billion), posting a 3.5% increase in number of the companies and a 11.9% drop in terms of capital as compared to the previous month.
The average registered capital of each new firm was calculated at more than VND10 billion (US$430,000), rising 4.3% from the same time last year.
During January-August, there were 20,942 businesses resuming their operations, growing 9.3% year on year.
The new firms employed 734,700 workers, falling 10.7% from the same time last year.
By sector, wholesale, retail sale and automobile repair and motorbike industries has the most newly formed companies with 29,600, or 33% of the total new firms. It was followed by construction and processing-manufacturing sectors which saw the participation of 11,500 and 10,900 companies, respectively.
The GSO said that as many as 63,235 businesses ceased their operation during the eight month period, up 38.1% year-on-year. The number of enterprises fulfilling dissolution procedures rose 17.8% to 9,135.
(https://english.vov.vn)
In August, the country had 11,655 newly-established firms with total registered capital of VND107.6 trillion (US$4.62 billion), posting a 3.5% increase in number of the companies and a 11.9% drop in terms of capital as compared to the previous month.
The average registered capital of each new firm was calculated at more than VND10 billion (US$430,000), rising 4.3% from the same time last year.
During January-August, there were 20,942 businesses resuming their operations, growing 9.3% year on year.
The new firms employed 734,700 workers, falling 10.7% from the same time last year.
By sector, wholesale, retail sale and automobile repair and motorbike industries has the most newly formed companies with 29,600, or 33% of the total new firms. It was followed by construction and processing-manufacturing sectors which saw the participation of 11,500 and 10,900 companies, respectively.
The GSO said that as many as 63,235 businesses ceased their operation during the eight month period, up 38.1% year-on-year. The number of enterprises fulfilling dissolution procedures rose 17.8% to 9,135.
(https://english.vov.vn)
