The country saw approximately 12,200 new enterprises set up in October this year with total registered capital of VND165.6 trillion and a total of 72,400 registered employees.

The country saw approximately 12,200 new enterprises set up in October this year.

The average registered capital per new enterprise is VND13.6 billion, down 31.2% from the previous month but up 15.1% over the same period last year.

In addition, the economy welcomed 5,044 enterprises returning to operation (up 10.4% compared to the previous month) while 3,293 enterprises registered to temporarily suspend their operation, 3,579 enterprises stopped operation waiting for dissolution procedures, and 1,413 enterprises completed dissolution procedures.

In the ten-month period, the country had nearly 111,200 newly established enterprises, down 2.9% over the same period last year but the average registered capital per enterprise reached US$14.3 billion, up 14.4% over the same period in 2019.

37,700 enterprises resumed operation during the period, up 8.2% over the same period last year.

However, in the January-October period, a large number of 85,600 enterprises temporarily suspended their operation, halted operation to wait for dissolution, or completed dissolution procedures, an increase of 15.1% over the same period last year.

Record numbers for newly established businesses during Jan-Sep

The number of newly established enterprises in the first nine months of 2019 continued to reach a new record at nearly 102,300, according to the latest figure published by the General Statistics Office of Vietnam on September 28.

Over 79,000 new firms established in first seven months

There have been a total of 79,300 new enterprises established across the country in the first seven months of this year with a registered capital of over VND999 trillion, an increase of 4.6% in the number of enterprise and nearly 30% in capital compared to the same period last year.

Jan-Aug period sees 90,500 newly established enterprises

The number of newly established enterprises in the first eight months of 2019 rose by 3.5% to about 90,500, which pledged to invest more than VND1.15 quadrillion (US$47.3 billion) in total, up 31% over the same period last year.

547 new businesses established in first six months

(BGO) – Bac Giang province has granted the business registration certificate to 547 enterprises and 37 branches and representative offices in the first six month of this year, up 6.6 percent comparing to the same period last year with total registered capital of over 4.6 trillion VND (197.2 million USD) increasing 14.8 percent against previous figure.  

Over 60,000 enterprises established, resume operations during Jan-Apr

Nearly 60,800 enterprises registered for establishment or returned to operations in the first four months of 2019, according to the latest data from the General Statistics Office of Vietnam.

Source: NDO