According to the General Statistics Office, the country saw 11,900 newly established enterprises with total registered capital of nearly 150 trillion VND (6.6 billion USD), up 38 percent month-on-month. The number of registered employees stood at 76,600, an increase of 30.2 percent
Despite a significant improvement compared to October, the average registered capital of a new enterprise in the month was only 12.6 billion VND, down 4.5 percent over the previous month and a decline of 42.1 percent year-on-year
As many 4,958 enterprises resumed their operations in November, an increase of 15.2 percent compared to the previous month.
During the 11-month period, the whole country witnessed 105,600 newly registered enterprises with a total registered capital of nearly 1.45 quadrillion VND and a total registered labour force of 784,200, representing an annual decline of 15 percent, 22.6 percent and 19.2 percent, respectively.
From January to November, 52,100 enterprises temporarily suspended their operations, an increase of 17.3 percent over the same period last year while 39,500 others stopped operating for dissolution procedures, a 7.4 percent hike, and 14,900 completed dissolution procedures, down 3.7 percent.
