Jan-Aug period sees 90,500 newly established enterprises

The number of newly established enterprises in the first eight months of 2019 rose by 3.5% to about 90,500, which pledged to invest more than VND1.15 quadrillion (US$47.3 billion) in total, up 31% over the same period last year.

The average registered capital size of an enterprise was over VND12.7 billion, the highest in recent years.
The average registered capital size of an enterprise was over VND12.7 billion, the highest in recent years.

It means the average registered capital size of an enterprise was over VND12.7 billion (US$546,100), the highest recorded in recent years, according to the General Statistics Office.

These new enterprises employed an estimated 832,300 workers, up 13.3% over the same period in 2018.

With VND1.6 billion additional investment by active enterprises, the total capital poured into the Vietnamese economy in the January-August was more than VND2.75 quadrillion (US$118.25 billion).

The period also saw 25,500 enterprises returning to business, up 21.8% year on year.

The national statistical agency added that the number of enterprises which temporarily halted their business in the first eight months of 2018 was an estimated 20,000, down 7% from a year earlier.