Number of newly-established enterprises up in 2018
16:53 | 28/12/2018

VGP - More than 131,300 new enterprises were formed in 2018 with total registered capital of VND1.5 quadrillion (US$64.5 billion), up 3.5% and 14.1%, respectively, against last year.

Illustration photo

These figures marked a year-on-year surge of 10.2% in the number of firms and 10.2% in total capital, heard a press conference of the General Statistics Office (GSO) in Ha Noi on December 27.

The average registered capital per enterprise in the first 13 months was VND13 billion, up 10.2% over the same period last year.

The number of enterprises resuming their operations was around 34,000, up 28.6% compared to the previous year.

The total number of newly-established firms and firms resuming operations hit more than 165,000 companies, breaking the record of around 153,000 firms last year.

In the first 11 months of 2018, more than 121,200 businesses were set up with VND1.2 quadrillion worth of newly registered capital and VND2.2 quadrillion worth of additional capital.

In the January – November period, close to 31,870 firms resumed operation, up 30.9% from the same period last year. These firms operational again brought up the economy’s total number of company to 153,100.

 By Vien Nhu

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