Over 100,000 firms make debut in Jan-Oct
09:58 | 30/10/2017

VGP – In the first ten months of 2017, 105,125 enterprises were founded with a total registered  capital of VND 1,021 trillion, up 14.6% in number and 43.8% in value in comparison with the same period last year.

Illustration photo

The General Statistics Office (GSO) reported that in October, 11,158 firms were set up, valuing VND 119.2 trillion, up 29.6% in number and 48% in value in comparison with the same period last year. The newly-founded firms generated 90,000 jobs, a month-on-month surge of 40.5%.

In the tenth month, 1,329 enterprises resumed operation, posting a month-on-month decline of 31.7%. 

In the January-October period, 105,125 enterprises were founded and 22,765 others resumed operation. The newly-founded firms recruited 976,400 jobs, down 8% against the same period last year. 

However, in October alone, 4,043 firms temporarily suspended operation, a year-on-year decrease of 8%. 

In the first ten months, the number of temporarily suspended enterprises was 9,794, up 5.4% against the same period last year. Up to 91% of them (8,979 enterprises) had under VND 10 billion of charter capital each./.

By Khanh Phuong 

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