Number of new firms in 10 months up 4.3%

VGP – A total number of 109,611 new firms were established over the recent 10 months of 2018, with the registered capital of VND1,116 trillion, up 4.3% and 9.2% in terms of number and capital against the same period last year, respectively, according to the General Statistics Office.

October 31, 2018 11:19 AM GMT+7

Whole sale, retails, automobile and motorbike fixing took the lead in the number of new firms set up in 10 months with 38,100 ones.

The average capital for a new firm was estimated at VND10.2 billion, up 4.7%.

Enterprises added VND2,045 trillion in capital to the economy, raising the total newly-registered and additional capital to the economy to VND3,161 billion in 10 months.

In addition, 27,935 firms re-operated, up 22.7%, raising the total number of new and re-operated enterprises to more than 137,500 ones in 10 months.

As many as 78,404 enterprises stopped operating in 10 months, up 48.5% and 53,937 others temporarily stopped operating or waited for dissolution, up 62.6%.

By Thuy Dung