Vietnam Time

10/31/2018 2:58:14 PM

Newly-established firms rise sharply in October

Vietnam saw approximately 13,000 newly established enterprises with a total registered capital of VND152.5 trillion (US$6.55 billion) in October, a significant increase of nearly 42% in terms of number of enterprises and 80% in terms of registered capital compared to the previous month.

In the first 10 months of this year, 109,611 enterprises have registered to set up (illustrative image)

The country also witnessed 3,453 enterprises resume their operations this month, up 28% over the previous month, and 6,684 enterprises suspend their operations, down 35%, in addition to seeing 1,771 enterprises complete the dissolution procedures, down over 26% against September.

In the first 10 months of this year, 109,611 enterprises have registered to set up with a total registered capital of over VND11,000 trillion (US$473 billion), up 4.3% and 9.2% respectively when compared to the corresponding period in 2017.

Newly established firms also posted their total registered workers of 924,800, a decrease of 5.3% over the same period in 2017.

During the 10-month period, 27,935 enterprises have resumed their operations, up 22.7% over the same period last year, while 78,404 enterprises suspended their operations, up 48.5%, and 13,307 others registered dossiers to dissolve, up 35.9%.

The statistics demonstrated the confidence of enterprises in Government's solutions on stabilising the macro-economy and improving the investment environment in addition to their optimism about large free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam free trade agreement (EVFTA)./.

  ( VNF/VNA )
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