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Newly established businesses increase 18% year on year

Updated: 19:29, 02/04/2024

BAC GIANG - In the first quarter of this year, there were 310 newly registered enterprises in Bac Giang province with total registered capital of nearly 2.6 trillion VND (110.3 million USD), an increase of 18% over the same period last year, reported the Department of Planning and Investment. 

Some new firms have high registered capital such as: Yong Shun Vietnam Mechanical and Electrical Construction Co., Ltd. (Tan Yen district) with registered capital of 26 billion VND; Minh Dung Trading and Services Company Limited (Bac Giang City) with registered capital of 25 billion VND...

Illustrative image.

The newly established enterprises are mainly limited companies, joint stock companies, private enterprises, operating in the fields of construction, trade, services, mechanics and electronics...

In accumulation, the whole province has more than 16,000 businesses, branches and representative offices with a total registered capital of more than 200 trillion VND.

This result was achieved thanks to joint efforts of local authorities and competent agencies to reform administrative procedures, improve the investment environment and create favorable conditions for newly registered businesses.

The newly established and operated enterprises have contributed to improving the industrial production value of the province.

In the first quarter of this year, the province's industrial production value (current prices) reached more than 150.8 trillion VND, up 24.7% over the same period last year.

Hai Minh

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