More than 64,500 new firms established in first half of 2018
14:18 | 02/07/2018

VGP - More than 64,500 new enterprises were established with a registered capital of approximately VND649 trillion (US$28.4 billion) in the first half of this year, up 5.3% and 8.9% from the same period last year, respectively.

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General Statistics Office (GSO) General Director Nguyen Bich Lam said the rises in the number of newly-established firms and registered capital continued to remain high in the first half of the year throughout 2014 – 2018.

It demonstrates that investors are likely to have gain more confidence in the domestic business climate thanks to the government’s efforts to improve the legal framework on business and investment and remove barriers for enterprises, he added.

This represented an increase of 5.3% in the number of newly-established businesses and 8.9% in registered capital, as compared to the same period of 2017.

The adjusted capital for the reviewed period stood at VND 1,200 trillion (US$52.56 billion), raising the total registered and adjusted capital to VND 1,800 trillion (US$78.84 billion).

In addition, in the reviewed period, 16,449 companies resumed operations, up 7% from the period last year.

The GSO also reported that 52,803 businesses temporarily halted their operations and 6,629 enterprises completed their dissolution procedures in the first half of the year.

Most of new companies are operating in sectors such as wholesale and retail; car and motorcycle repair and maintenance services; construction; and manufacturing and processing.

The southeast region continued leading the country in the number of newly-established enterprises and registered capital, with 27,279 companies and VND292.5 trillion, accounting for 42.3% and 45.1% of the total.

By Vien Nhu

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