New firm number down, registered capital up in two months
The numbers of newly founded businesses declined in both February and the first two months of 2019, but the average registered capital per firm increased, according to the General Statistics Office (GSO).
The numbers of newly businesses declined in both February and the first two months of 2019, but their average registered capital increased (Photo: VNA)
Hanoi (VNA) – The numbers of newly foundedbusinesses declined in both February and the first two months of 2019, but theaverage registered capital per firm increased, according to the GeneralStatistics Office (GSO).
In February, 5,900 new companies were set upwith total registered capital of 96.3 trillion VND (4.13 billion USD), the GSOsaid, attributing the month-on-month decrease of 41.5 percent in number offirms partly to the week-long Lunar New Year holiday in February.
However, the registered capital of each firmrose 8.8 percent on average to 16.3 billion VND.
Almost 15,980 new businesses were founded in thefirst two months with combined capital of 247.4 trillion VND. The respectivefigures dropped 14.6 percent and rose 25.4 percent from a year earlier.
Including the 531.2 trillion VND added toexisting enterprises’ capital, a total of 778.6 trillion VND was poured intothe economy in the last couple of months, GSO data showed.-VNA
The total number of newly-established enterprises in 2018 was 131,275 with total registered capital of 1.5 quadrillion VND, up 3.5 percent and 14.1 percent, respectively, against last year.
Vietnam’s economic growth could reach 6.9 percent in 2019, an increase of 0.1 percent compared to the 2019 socio-economic development plan adopted by the National Assembly, in the context that Vietnam is benefiting from the US-China trade tension
As many as 10,079 enterprises registered to be set up in the first month of this year with total registered capital of 151.1 trillion VND (6.5 billion USD), according to the General Statistics Office (GSO).
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The numbers of newly businesses declined in both February and the first two months of 2019, but their average registered capital increased (Photo: VNA) 
