The average registered capital per enterprise also increased sharply, reaching VND12.6 billion, the highest level in recent years, forecasting the better health of newly established enterprises.

Packing export wooden products at Nam Dinh Forest Products JSC in Hoa Xa Industrial Park, Nam Dinh province.

For the nine-month period, the whole country had nearly 102,300 newly registered enterprises with a total registered capital of nearly VND1.3 quadrillion, up 5.9% in number and 34% in terms of the registered capital as compared to the same period in 2018. The average registered capital of a newly established enterprise was at VND12.6 billion, up 26.6%.

If including over VND1.7 quadrillion of additional registered capital of enterprises, the total registered capital pouring into the economy in the nine months of 2019 was at more than VND3 quadrillion.

In addition, there were 27,600 enterprises that returned to operation, an increase of 20.5% over the same period last year, bringing the total number of newly registered enterprises and enterprises returning to operation in the past nine months to more than 129,800.

The total number of registered labourers of newly established enterprises in the first nine months this year was 929,800, increasing by 13.4% against the same period last year.

The number of enterprises that suspended their business operation in the nine months of this year is at 21,200, down 7.9% 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.

Vietjet, NutiFood CEOs make list of Asia’s Power Businesswomen

Nguyen Thi Phuong Thao, CEO of the Vietnamese budget carrier Vietjet Air, and Tran Thi Le, CEO of NutiFood, were named on Forbes Asia’s Power Businesswomen list this year, which highlights 25 women with significant roles in shaping Asia’s business landscape in the next few decades.

E-commerce to help businesses boost exports

Vietnamese businesses should make use of e-commerce to promote exports, heard a workshop held in Ho Chi Minh City on September 25.

Young businesswoman promotes water puppetry art to the South

With the desire to preserve and promote the unique water puppet art of the nation, a young girl named Hoang Huong Giang has implemented a bold project: building a miniature water puppet stage right in the heart of District 1, Ho Chi Minh City.

Vietnam encourages RoK businesses to invest in specialised industrial parks

Vietnam encourages businesses from the Republic of Korea (RoK) to make investment in specialized industrial parks targeting Korean firms and Vietnamese small- and medium-sized enterprises.

Source: NDO