Over 218,500 enterprises established, resume operations in 11 months

ABO/NDO- More than 218,500 enterprises were established and resumed operations in Vietnam in the past 11 months of 2024, a year-on-year increase of 7.4%, according to the General Statistics Office (GSO).

In November alone, the country recorded nearly 11,200 new enterprises with total registered capital of 138.6 trillion VND (5.46 billion USD). The figures represented a 21.3% decline in the number of firms, and a drop of 9.8% in capital compared to the previous month.

The average registered capital of a newly-established enterprise in the month reached 12.4 billion VND, up 14.7% over the previous month and down 5.8% over the same period last year.

Meanwhile, more than 7,700 enterprises resumed their operations in November, down 10.9% from the previous month and up 17.4% year-on-year.

During the January-November period, the country saw over 147,200 new enterprises set up with total registered capital of over 1.45 quadrillion VND, a reduction of 0.5% in the number of enterprises while the registered capital is relatively equal to that of the same period last year.

The average registered capital of a newly-established enterprise in the 11 months of 2024 reached 9.9 billion VND, an increase of 0.5% compared to the same period in 2023.

In the reviewed period, nearly 71,300 enterprises resumed their operations, an increase of 28.5% over the same period in 2023.

On the opposite side, nearly 4,250 enterprises temporarily halted operations in November, a decline of 22.2% compared to the previous month and a drop of 5.9% year-on-year. About 7,550 companies ceased operations waiting dissolution procedures, up 39.2% month-on-month and up 14.4% year-on-year. Meanwhile, nearly 1,910 businesses completed dissolution procedures, down 3.9% month-on-month, and up 14.2% year-on-year.

Since the beginning of the year, more than 96,200 enterprises has temporarily suspended business, an increase of 12.6% over the same period last year.

Nearly 57,700 businesses stopped operating, waiting for dissolution procedures, an increase of 0.9% and nearly 19,300 businesses completed dissolution procedures, an increase of 19.8%. In the first 11 months of this year, the total number of businesses withdrawing from the market was 173,200 businesses, an increase of 9.1%.

(Source: NDO)