More than 14,000 enterprises established in two months

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Báo Dân Trí English - 2 month(s) ago 5 readings

More than 14,450 enterprises were set up in the first two months of this year, with a total registered capital of over VND152.5 trillion (US$6.71 billion), up 3.9% in terms of number of enterprises and 35% in terms of registered capital over the same period in 2016, according to the Business Registration Management Agency.

More than 14,450 enterprises were set up in the first two months of this year, with a total registered capital of over VND152.5 trillion (US$6.71 billion), up 3.9% in terms of number of enterprises and 35% in terms of registered capital over the same period in 2016, according to the Business Registration Management Agency.

The average registered capital per new enterprise reached VND10.6 billion (US$466,000), an increase of 29.9% against the same period of last year.

However, in February alone, more than 5,400 enterprises were established, with VND62.2 trillion (US$2.74 billion) worth of registered capital, a decrease of 39.3% in the number of enterprises and 31% in registered capital compared to January.

The fall in number of newly established enterprises was due to a long Tet holiday in late January and early February.

The first two months of this year also saw more than 7,900 enterprises resume their operations, up 7.6% compared to the corresponding period last year.

In the meantime, about 2,500 enterprises were dissolved, up 14.9% compared to the same period of 2016, including more than 2,300 enterprises with a registered capital of less than VND10 billion (US$440,000) while more than 16,300 enterprises registered to suspend operations.

The sectors that attract the participation of a large number of labourers include the processing and manufacturing industry, wholesale and retail sales, automobile and motorcycle repairs and construction, among others.

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