The average registered capital per business was VND4.6 billion (US$216,200), a 20.4% year-on-year decrease, while the newly-established business created 103,500 jobs, a 7.4% year-on-year fall.
Rises in newly-established businesses were seen in the arts, recreation and food service (147.6%); education and training (44.9%); real estate (41.9%); employment services, tourism, equipment and utensil rental, and other support services (30.8%).
Fewer new businesses were established in such sectors as health care and social support activities (42.9% fall); power, water and gas production and distribution (36.9% decrease); mineral extraction (19% fall); retail, automobile and motorbike repair (14.6% decrease).
As many as 993 businesses completed procedures for dissolution or termination, a 3.4% year-on-year decrease. Most of them had registered capital below VND10 billion (US$470,000).
The number of businesses postponing operations was 9,772, a 22.9% increase, in which 3,367 businesses registered to suspend operations and 6,405 postponed to wait for their business codes be closed or did not register.
Meanwhile, 2,872 businesses resumed operations.
