Newly established firms rise sharply in October

Wednesday, 2018-10-31 11:31:14
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In the first 10 months of this year, 109,611 enterprises have registered to set up (illustrative image)
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NDO - 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.

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).