Nearly 94,000 new firms founded in Jan-Sept

VGP - As many as 93,967 new enterprises were established in the first nine months of 2017 with total capital of over VND 902.6 trillion (US$39.7 billion), a year-on-year rise of 15.4% and 43.5%, respectively, said the Enterprise Development Agency under the Ministry of Planning and Investment.

October 02, 2017 5:44 PM GMT+7

Average registered capital of each company was VND 9.6 billion (US$4.22 million), a rise of 24.4% over the same period last year.

In the reviewed period, over VND1.24 quadrillion (US$54.5 billion) was injected into 27,579 operating businesses, raising total capital pumped into the economy to VND2.14 quadrillion (US$94.16 billion).

Over 21,100 enterprises also resumed their operation in the first nine months of the year.

In September, 8,600 new enterprises were founded with total registered capital of nearly VND 80.5 trillion (US$3.54 billion).

The number of laborers in the newly established companies in the period was 886,453, posting a 4.5 year-on-year decrease.

The ministry also reported that in the first nine months of the year, some 30,846 firms dissolved or ceased operations./.

By Kim Anh