Newly-established enterprise capital up 46 percent in Oct
Vietnam has approximately 9,200 newly-established businesses with 65.2 trillion VND (2.92 billion USD) in total registered capital in October, a rise of 30.6 percent in number and 46.4 percent in capi
Newly-established enterprise capital up 46 percent in October. (Photo: VNA)Vietnam has approximately 9,200 newly-established businesses with 65.2 trillion VND (2.92 billion USD) in total registered capital in October, a rise of 30.6 percent in number and 46.4 percent in capital from last month.
According to the General Statistics Office, the average registered capital per business is 7.1 billion VND (318,000 USD), up 12.1 percent against the previous month.
In the first 10 months of this year, more than 77,540 enterprises were newly established, registering a combined capital of 486.1 trillion VND (21.78 billion USD), a 29.2 percent increase in number and 37.9 percent in capital compared to the same period last year.
Operational firms were also reported to have added 737.8 trillion VND (over 33 billion USD) during the period, bringing the capital pumped into the economy up to nearly 1.22 quadrillion VND (over 54.8 billion USD).
The country saw about 60,164 enterprises temporarily suspend operations in the last ten months, up 29.1 percent, while another 7,641 permanently stopped operating, down 1.2 percent, most of whom registered capital below 10 billion VND (448,000 USD).
In addition, approximately 16,200 businesses nationwide resumed operations, a year-on-year increase of 24.6 percent.-VNA
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