Over 64,500 new enterprises set up in first half of 2018
As many as 64,531 new enterprises have been set up in the first half of 2018 with a total registered capital of 649 trillion VND (28.6 billion USD), up 5.3 percent and 8.9 percent from the same period last year, respectively.
Over 64,500 new enterprises set up in first half of 2018. (Photo: VNA)
Hanoi (VNA) – As many as 64,531 new enterpriseshave been set up in the first half of 2018 with a total registered capital of649 trillion VND (28.6 billion USD), up 5.3 percent and 8.9 percent from thesame period last year, respectively.
The capital registered by a new firm averaged 10.1billion VND (444,000 USD), up 3.4 percent year on year, according to theGeneral Statistics Office (GSO).
Over 1,192 trillion VND have been added into theregistered capital of operational businesses in the first six months, bringingthe total capital pumped into the economy to more than 1,841 trillion VND (81.1billion USD).
However, the number of employees registered to work forthese new businesses fell by 19 percent year on year to about 508,000.
In the reviewed period, 16,449 companies resumedoperations, up 7 percent from the period last year.
The GSO also reported that 52,803 firms have temporarilysuspended operations during the period, up 39 percent year-on-year.
The rises in the number of newly-established firms andregistered capital continued to remain high in the first half of the yearthroughout 2014 – 2018, said GSO General Director Nguyen Bich Lam.
It demonstrates that investors are likely to have gainmore confidence in the domestic business climate thanks to the government’sefforts to improve the legal framework on business and investment and removebarriers for enterprises, he added.
Most of new companies are operating in sectors such aswholesale and retail; car and motorcycle repair and maintenance services;construction; and manufacturing and processing.
The southeast region continued leading the country in thenumber of newly-established enterprises and registered capital, with 27,279companies and 292.5 trillion VND, accounting for 42.3 percent and 45.1 percentof the total.-VNA
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Over 64,500 new enterprises set up in first half of 2018. (Photo: VNA)
