More than 34,700 companies were opened in the first four months of this year, creating 427,200 jobs for local people. (Photo: VNA)

Hanoi (VNA) - As many as 10,954 enterprises were formed in April with total registered capital of 62.2 trillion VND (over 2.7 billion USD), according to the General Statistics Office (GSO).

The number of newly-established businesses increased by 19.2 percent year-on-year, while the total amount of registered capital jumped 21.3 percent against the same period last year.

In the first four months of this year, 34,721 new enterprises were established with total capital of 248.2 trillion VND, a year-on-year rises of 22.9 percent and 52.8 percent, respectively.

During the reviewed period, each new company had an average investment of 7.1 billion VND, up 24.2 percent over the same period last year. The new firms are expected to employ 427,200 people.

A total of 801.5 trillion VND was added to the country’s economy.

According to the GSO, 25,135 enterprises stopped operations from January to April, meanwhile, 11,331 enterprises resumed operations.

Experts of the GSO attributed the strong increase in business numbers to more open State policies on administrative procedures.

They said that despite the high number of newly-established businesses and the strong volume of new capital added to the country’s economy, the number of jobs created in the first four months reached 472,200, or a reduction of 0.2 percent over the same period last year.

The GSO also announced that 9.59 trillion VND in State revenue in the first four months of the year was collected from personal income tax, an increase of 1.3 trillion VND compared to the same period last year.

The number indicated that the personal income had improved.

State revenue collected from non-governmental and foreign direct investment companies totalled 17.4 trillion VND and 17.6 trillion VND, a year-on-year rise of 30.5 percent and 16.5 percent, respectively.-VNA