Investment
91,765 businesses established after 10 months
Vietnam welcomed 91,765 businesses new companies set up with registered capital of 710.6 trillion VND in the past 10 months of this year, according to the General Statistics Office (GSO).
These figures represented increases of 18.3% and 46.2% compared with the same period last year, reported the Ministry of Planning and Investment.
The new businesses included 49,700 registering as one-member limited liability companies, 23,200 as two-member limited liability companies, 15,100 as shareholding companies, 3,600 as private enterprises, and 12 partnership companies.
Up to 22,400 businesses resumed their operation during the reviewed time, showing a surge of 38.8% year-on-year.
They recruited 1,061,300 workers, a drop of 8.3% from the same period last year.
In the period, the country witnessed operating businesses to increase their capital by over 1.34 trillion VND, according to the statistic.
The positive trend reflected investors’ higher trust in the country’s economic prospects, said the Business Registration Management Department.
It also reported that 17,500 businesses registered for term suspensions, a 29% increase from the same period a year ago. The businesses will return to their normal activities after their suspension terms are expired.
The number of businesses temporarily halting operations without registering or waiting for dissolution was 33,100, decreasing by 28.8% year-on-year.
Up to 9,200 businesses shut down during the reviewed time, increasing 21.6% year-on-year.
The country targets an ambitious plan to have at least 1 million businesses by 2020.
The new businesses included 49,700 registering as one-member limited liability companies, 23,200 as two-member limited liability companies, 15,100 as shareholding companies, 3,600 as private enterprises, and 12 partnership companies.
Up to 22,400 businesses resumed their operation during the reviewed time, showing a surge of 38.8% year-on-year.
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In the period, the country witnessed operating businesses to increase their capital by over 1.34 trillion VND, according to the statistic.
The positive trend reflected investors’ higher trust in the country’s economic prospects, said the Business Registration Management Department.
It also reported that 17,500 businesses registered for term suspensions, a 29% increase from the same period a year ago. The businesses will return to their normal activities after their suspension terms are expired.
The number of businesses temporarily halting operations without registering or waiting for dissolution was 33,100, decreasing by 28.8% year-on-year.
Up to 9,200 businesses shut down during the reviewed time, increasing 21.6% year-on-year.
The country targets an ambitious plan to have at least 1 million businesses by 2020.
