Number of new businesses increases in VN
Number of new businesses increases in VN
Nearly 11,000 new enterprises were established in the country in May with total registered capital of VND119.24 trillion (U$5.24 billion).
This was a rise of 9.3 per cent in the number of enterprises and 17.8 per cent in the registered capital compared to the same period last year.
On average, the registered capital of individual businesses increased by 7.9 per cent to VND10.9 billion, according to the Ministry of Planning and Investment’s National Enterprise Information and Registration System.
Totally in the first five months of this year, the country had 50,534 newly-established enterprises with total capital of VND485.6 trillion, a year-on-year rise of 12.9 per cent in the number of enterprises and of 39 per cent in the registered capital.
The five-month increase, however, was lower than that of the same period last year with 24.1 per cent rise and 59.3 per cent growth in term of enterprise quantity and level of capital, respectively.
Notably, the number of registered labourers for new businesses in the reviewed period saw a modest decline of 2 per cent to 521,700, the system reported.
From January to May, the number of newly-established enterprises surged 72.8 per cent in property trading sector; 38.9 per cent in banking, finance and insurance; 31 per cent in education and training sector; 27.3 per cent in health-care and social support activities, and 18.4 per cent in the sector of accommodation and catering services, in addition to 12.6 per cent in construction industry and 11.7 per cent in manufacturing and processing industry.
The five-month period also saw some 32,145 enterprises suspending operations, surging 12.5 per cent year-on-year while 4,685 enterprises were dissolved in the period, which was 1 per cent higher than last year’s corresponding period.
