More than 136,000 new companies founded in past ten months

Nov 6th at 07:57
06-11-2024 07:57:19+07:00

More than 136,000 new companies founded in past ten months

A total of 136,085 new enterprises have been established across sectors by the end of October, up 1.87 per cent compared to the same period of 2023, according to the Ministry of Planning and Investment.

A textile manufacturing factory in Thanh Xuân District, Hà Nội. The number of new enterprises established in the industry and construction in the last ten months accounts for over 23 per cent of the economy's total. — VNA/VNS Photo Trần Việt

The service sector recorded the biggest number of new companies at 103,127, which is an annual increase of 2.73 per cent and accounts for 75.8 per cent of the economy’s total.

Next up the industry and construction sector with 31,585 new enterprises, which is 23.2 per cent of the total, but down 0.53 per cent compared to 2023.

The agriculture, forestry and fishery sector had 1,373 new enterprises, a decrease of 5.24 per cent over the same period last year.

The total registered capital of these new enterprises is VNĐ1.3 quadrillion (US$512.7 billion), up 4.1 per cent compared to the first ten months of 2023. However, only 815,574 employees were registered, which is an annual decrease of 8.7 per cent.

The average registered capital per enterprise was VNĐ9.6 billion ($378,800), approximately equivalent to the same period in 2023, but lower than the average of the first 10 months of the 2020-24 period (VNĐ11.2 billion).

Conversely, 173,200 enterprises withdrew from the market in the last ten months, of which 92,135 were temporarily suspended, 63,712 are in the process of being dissolved and 17,353 officially closed. 

Bizhub



NEWS SAME CATEGORY

​What 2024 US presidential election means for Vietnam's economy

The outcome of the U.S. presidential election is unlikely to have much effect on Vietnam; however, if Donald Trump wins the vote, the impact on Vietnam's economy...

Business association launched to enhance Vietnam - Belgium economic ties

The Vietnam Business Association in Belgium (VBAB) was officially set up on November 3, marking a milestone in the economic relations between the two countries.

Bình Dương to develop 520-hectare industrial park

Bình Dương Province in southern Việt Nam plans to establish a 520-hectare industrial park in Bắc Tân Uyên District to attract investment and create jobs for local...

90% of professionals want trial of 4-day work week

Some 88 per cent of professionals would like to trial a four-day work week, and 62 per cent of them believe it would raise their productivity, a survey by Robert...

Hà Nội takes drastic measures to disburse public investment

Hà Nội is currently in a crucial phase of public investment disbursement, striving to maximise funding allocation so as to improve the efficiency of capital...

​Vietnam PM to attend 8th Greater Mekong Subregion Summit in China

Vietnamese Prime Minister Pham Minh Chinh will attend the eighth Greater Mekong Subregion (GMS) Summit and other meetings in China starting Tuesday, according to...

Numerous US businesses set to arrive in HCM City to implement signed agreements

From this month until early 2025, leading US investment funds and over 30 businesses will visit HCM City to seek investment opportunities and implement signed...

Việt Nam, Canada enhance cooperation, connections

The Việt Nam Trade Office in Canada has taken part in the 2024 MIBIExpo, an international investment promotion exhibition, in Montreal, to enhance cooperation and...

​Vietnam, Qatar issue joint communiqué to elevate relationship

Vietnam and Qatar on Friday issued a joint communiqué to lift their relationship to a more advanced level in various areas, with a focus put on economic, trade, and...

​Cuba seeks Vietnam’s support in renewable energy development

President of the National Assembly of People’s Power of Cuba Esteban Lazo Hernandez said Cuba hoped to receive Vietnam’s support in developing renewable energy...


MOST READ


Back To Top