Newly-established firms register high capital in January
Up to 8,990 firms were established nationwide with a total registered capital of 90.3 trillion VND (3.92 billion USD) in January, up 8.1 percent in number and 52.3 percent in capital value.
Illustrative image (Source: VNA) The total amount of registered and additional capital hit 204.9 trillion VND (8.9 billion USD) during the month, it said.
The new firms operating in arts and entertainment saw a 2.4 percent rise in number and a 65.8 percent surge in registered capital.
Up to 5,564 firms resumed their operations in the month, up 14.2 percent year-on-year.
Meanwhile, 1,583 enterprises completed dissolution procedures, marking an 18.3 percent increase from 2016’s January. As many as 13,289 others halted their operations, up 6.7 percent against the same period last year.
A representative from the Ministry of Planning and Investment’s Business Registration Management Agency said most of them registered a term halt and will return to their business later.
The number of firms which temporarily stopped working or awaited dissolution fell year-on-year, including those operating in agro-forestry-fisheries (down 54.3 percent), lodging and catering services (down 38.4 percent), mining (37.5 percent), transport and warehouse (30.8 percent), and construction (28.3 percent).-VNA
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