Nearly 11,000 new enterprises established in June

Over 61,200 enterprises were formed nationwide in the first six months of the year, with a total registered capital of VND596 trillion, up 12.4% in the number of new businesses, with capital up 39.4%, compared with the same period of 2016.

Illustrative image.
Illustrative image.

The total capital supplemented in the first six months of 2017 reached VND 1,455 trillion.

The figures were announced by the Business Registration Management Agency under the Ministry of Planning and Investment.

According to the agency, the number of newly established enterprises in June, 2017 was 10,742. Capital registered by these new companies was estimated at nearly VND110.5 trillion.

In the first six months of 2017, over 627,000 labourers are expected to gain employment at the new companies, down 2.8% against last year.

Most sectors saw an increase in newly-established enterprises in the first half of the year. There were almost 2,280 in real estate, up 68.3%year-on-year, 679 in banking, finance and insurance, up 37.2%, and 318 in healthcare and social assistance, up 30.9%.

In education and training, 1,597 enterprises were newly-established, an increase of 30.4%, and 442 in electricity, water, and gas production, a 23.1% increase.

Some 15,380 enterprises also returned to operations in the first half of the year, after temporarily suspending operations, up 3.2%. There were also, however, 14,377 enterprises temporarily suspending operations in the first half of the year, an increase of 17.8% annually. The number of enterprises ceasing business operations, or waiting for dissolution, was 23,530, up 24.4% annually.

Of these, 5,443 enterprises completed procedures for dissolution, down 1.2%.

Some 91.5% of enterprises ceasing operations or temporarily suspending operations had a registered capital of less than VND10 billion (US$439,800), up 23.1%.