Illustrative image (Photo: VNA)

Dong Nai (VNA) – Around 700 local private enterprises, including newly-established ones, in the southern province of Dong Nai have so far this year registered a combined capital of 10.7 trillion VND (480 million USD).

It represents a surge of 140 percent against the same period last year.


In the first half of March alone, around 160 newly-founded businesses accounted for 9.4 trillion VND (421 million USD) of the total, showing a surge of 480 percent.

These figures showed the highest-ever increases in business capital registration in Dong Nai to date, according to the provincial Department of Planning and Investment.

Cao Tien Dung, Director of the provincial Department of Planning and Investment, said business capital registration in the first quarter is often higher than other quarters but a strong increase in this year’s is a surprise.

The new businesses are mostly engaged in the support industry, consumer goods production, export, and construction and many of them are owned by households.

During the reviewed period, 40 enterprises with combined capital of 460 billion VND (21 million USD) were dissolved, mainly due to inefficient operation.

According to the Department of Planning and Investment, Dong Nai has had nearly 35,400 household-owned businesses in the national business registration system with a total capital of 170 trillion VND (7.6 billion USD).-VNA