Such enterprises pledged to pour in 126.9 trillion VND (5.36 billion USD) into the economy, a year-on-year increase of 2.4%.

The new businesses set up in July raised the total figure for the first seven months of 2023 to 89,600, up 0.2% over the same period last year.

The total number of new enterprises in the first seven months of 2023 rose by 0.2% over the same period last year.

However, their total registered capital and employees fell by 17.1% and 5.2% respectively.

The average capital per new enterprise was 9.3 billion VND, down 17.3% from last year.

A breakdown of sectors shows 945 new enterprises are involved in agriculture, 21,300 are in industry and construction, and 67,300 are service businesses.

The January-July period also saw 42,300 enterprises return to business, while nearly 6,900 filed for suspended operation and more than 5,200 were awaiting completion of dissolution procedures.

According to experts, the figures on the status of businesses suggest that Vietnam’s economic recovery process remains challenging, which requires more effective implementation of the government’s support policies.

Newly registered businesses peak in April

The number of new businesses set a record high in April at 15,967, according to the General Statistics Office of Vietnam.

Newly released Netflix film to promote Vietnam’s beauty to international viewers

Images of an impressive and enchanting Vietnam will be introduced to audiences of 190 countries and territories worldwide through the film ‘A Tourist’s Guide to Love’, which will be streamed on Netflix on April 21.

Agricultural exports to newly opened China surge

Traders are busy buying the best quality durian, jackfruit, cassava, and cashew nut possible to export to China, whose demand seems to be insatiable.

Newly planted forest area increases 4.7% in Q1

About 38,700ha of concentrated forest was planted nationwide in the first quarter of 2023, up 4.7% year on year, according to the Vietnam Administration of Forestry.

Registered capital of newly established enterprise hits over 7.1 trillion VND

(BGO) – Since early this year, Bac Giang province has licensed 175 new businesses, up 3 percent with total registered capital of over 7.1 trillion VND (299.4 million USD), representing 4.3 fold increase year on year.

Source: NDO