Vietnam welcomes over 22,000 new firms in two months
Vietnam saw more than 22,000 newly-established firms in the first two months of this year with total registered capital amounting to 218.71 trillion VND (over 8.87 billion USD), according to the General Statistics Office (GSO).
Employees at Tan Nhien Co. Ltd in Tay Ninh province.(Photo: VNA)
Hanoi (VNA) – Vietnam saw more than 22,000 newly-establishedfirms in the first two months of this year with total registered capitalamounting to 218.71 trillion VND (over 8.87 billion USD), according to theGeneral Statistics Office (GSO).
The figures represented yearly increases of 12.4% in the number offirms and 32.8% in capital, it said.
Sectors recording an increase in the number of new businesses inthe two months included the mining industry (29%); warehouse transportation (27%);other service activities (22%) and agro, forestry and fisheries (20%).
During the reviewed period, nearly 18,970 enterprises resumedtheir operations, rising 4.4% over the same period last year. The latestaddition pushed the total number of newly-established businesses and firmsresuming operations to 41,097, up 8.5% year on year.
In February alone, however, there were more than 8,590 newenterprises with total registered capital of 67.26 billion VND, down 3% and up2.5% respectively.
Over 49,270 businesses temporarily suspended operations fromJanuary to February, a yearly hike of 27%. However, 44,265 or 89.8% of thetotal were small-sized with a scale under 10 billion VND.
Meanwhile, 62,977 businesses left the market, up 22.5%year-on-year, and 10,034 firms waited for dissolution procedures, up 6.5% onyear. More than 3,670 enterprises completed dissolution procedures, up 14.5%.
Last year, nearly 160,000 new enterprises were set up in thecountry, up 7.2% year-on-year. This highest-ever figure was 1.2 times higherthan the average of the 2017-22 period, surging 4.6% compared to the estimatefor the year./.
A record number of 103,658 new firms were established in the first eight months of this year, a rise of 2.3% year on year and 1.2 times higher than the average number for the same period during 2018-2022, reported the Ministry of Planning and Investment (MPI).
Nearly 160,000 new enterprises have been established in Vietnam in 2023, up 7.2% year-on-year, according to the Ministry of Planning and Investment’s Business Registration Management Agency.
The number of new enterprises and those resuming their operation this month reached 27,335, up 5.5% year-on-year, and more than 1.3 times higher than the average figure in the 2018-2023 period, statistics show.
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Employees at Tan Nhien Co. Ltd in Tay Ninh province.(Photo: VNA) 
