More than 18,000 new businesses were established in the first two months of 2021, a year-on-year decline of 4 percent, according to the Ministry of Planning and Investment.
More than 18,000 new businesses were established in the first two months of 2021 (Illustrative photo: VNA)
Hanoi (VNA) –More than 18,000 new businesses were established in the first two months of2021, a year-on-year decline of 4 percent, according to the Ministry ofPlanning and Investment.
The number ofemployees registered by the newly-established enterprises rose 9.7 percent to173,000.
The months saw anaddition of over 720.4 trillion VND (32.24 billion USD), in total registeredcapital, up 12.4 percent. Average level in registered capital per enterprisesurged 46.4 percent to reach 18.5 billion VND in the period.
About 11,030enterprises resumed operations in the first two months, down 7.6 percent while 33,611others were dissolved, an increase of 18.6 percent.
In February alone, asmany as 8,038 new businesses were set up with a combined registered capital ofnearly 179.74 trillion VND.
The number of newfirms represented a year-on-year drop of 12.3 percent while the amount ofcapital surged 85.6 percent.
The number of workersregistered by these businesses reached almost 57,000, down 22.1 percent./.
A total of 10,728 new firms were established in May with total registered capital of 112.7 trillion VND (4.83 billion USD), up 36.1 percent in number and 20.1 percent in capital from the previous month, according to the General Office of Statistics (GSO).
Vietnam had more than 75,200 newly registered enterprises in the first seven months of this year, a 5.1 percent decrease compared to the same period last year.
A total of 3,999 new enterprises have been set up in the southern province f Binh Duong since the beginning of 2020, with their registered capital totaling approximately 26.95 trillion VND (1.16 billion USD).
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
More than 18,000 new businesses were established in the first two months of 2021 (Illustrative photo: VNA) 
