The figure was up 17.5 percent year-on-year, said the Agency for Business Registration, adding that it was a "very positive signal" after registrations in the same period last year fell 13.2 percent due to the pandemic.

Workers make garment products at a factory in Ho Chi Minh City.

These businesses registered a combined capital of nearly VND628 trillion ($27.37 billion), also a record high.

"The rising number of businesses showcases both economic recovery and faith of the business community in future development," the agency said.

The sectors with highest ratio of new registrations were wholesale, retail and auto maintenance, accounting for 33.3 percent, followed by construction (13 percent) and manufacturing and processing (12.8 percent).

However, the number of market withdrawals also rose 23.3 percent year-on-year to 51,496 businesses, reflecting the difficulties that the pandemic has brought, the agency said.

Many businesses have chosen to suspend operations while they wait to see how the market develops, it added.

Provincial leader urges to promptly complete the province plan and establish 5 more industrial parks

(BGO) – The Executive Board of the Party Committee in Bac Giang province (PPC) on December 1 held the second session of regular meeting. At the meeting, on behalf of the PPC’s leaders, Vice Chairman of the provincial People’s Committee Le O Pich briefly delivered the report about the implementing the socio-economic development plan in 2020 as well as the target, solutions and key measures in 2021. 

10,000 new collective economic organisations to be established by 2025

The Prime Minister has recently approved a programme to support the development of the collective economy and cooperatives in the 2021-2025 period with the goal of establishing 10,000 new collective economic organisations by 2025.

Three new industrial clusters established in Bac Giang province

(BGO) - The People’s Committee in Bac Giang province has decided to established 3 new industrial clusters, inlcluding Lan Son No 2 (Luc Nam district), Jutech (Hiep Hoa district) and Trung Son - Ninh Son (Viet Yen district), each covers 75 ha to increase the total industrial clusters in the province up to 43.

Number of newly established enterprises rises 18.4% in October

Business registration in October saw improvement over the previous month with the number of newly established enterprises increasing by 18.4% over the figure from September, according to the General Statistics Office.

Newly established enterprises in Bac Giang province increases nearly 52 percent

(BGO) – According to the Department of Planning and Investment, in spite of the complicated development of Covid-19 pandemic, Bac Giang province had 164 newly established businesses in August 2020, up 51.9 percent comparing to the same period last year as the peak figure since early this year.

Source: VnExpress