Newly-established enterprises increase over 13% in seven months

Vietnam has seen 72,953 newly-established enterprises in the first seven months of this year with a total registered capital of VND690.74 trillion (US$30.39 billion), an annual increase of 13.8% in terms of the number of enterprises and 39% in terms of registered capital.

Illustrative Image (Pho to: Thai Thien).

According to the Department for Business Registration Management, during the January-July period, 21,383 enterprises have registered to expand their investment capital with a total supplemented capital of VND979.73 trillion (US$43.11 billion).

The average registered capital per enterprise is reported at VND9.5 billion (US$418,000), up 22.2% over the same period last year.

The Department for Business Registration Management said that the number of newly-established enterprises has increased in almost every sector compared to the corresponding period last year, including 2,706 new enterprises in the real estate sector, up 68%; 812 new enterprises in the financial, banking and insurance sector, up 31%; and 385 new enterprises in the health sector, up 31%.

Only the shipping and warehouse sector witnessed a 6% decrease in the number of newly-established enterprises.

Furthermore, 17,549 enterprises have resumed operations in the first seven months of the year, an annual increase of 5%.

However, 15,866 enterprises registered for the temporary suspension of business activities, up 16% over the same period last year, while 27,408 others ceased operations or are waiting to be dissolved, up 21% over the same period last year.

A few sectors reported a higher number of workers compared to the same period last year including the financial, banking and insurance sector, up 48%; the health and social work sector, up 34%; the education and training sector, up 26%.

The total number of registered workers by newly-established enterprises in the January-July period was over 720,700, down 3.2% against the same period last year.

(Source: NDO)