Business booming as start-ups soar

The number of enterprises established in the first five months of this year increased 4.8 percent to reach 31,009, according to the Department of Business Registration Management.
The number of enterprises established in the first five months of thisyear increased 4.8 percent to reach 31,009, according to the Departmentof Business Registration Management.

Bui Anh Tuan, theDepartment's Deputy Director, said that for the first time, this numberwas up from the previous year. In the three-month and four-monthperiods, the numbers were 14 percent and 1.2 percent lower than 2012.

Southern Tra Vinh, Dong Thap and Binh Dinh provinces saw the mostnewly-founded enterprises in the five-month period, with rates of 188percent, 90.9 percent and 78.5 percent respectively.

Sectorswhich experienced high increasing rates saw fewer enterprises founded,such as financial, banking and insurance (down 6.8 percent),construction (down 7.1 percent) and real estate business (down 14.3percent).

Fewer enterprises were dissolved in May, with only 570,a reduction of 27.1 percent over last month. About 3,020 enterpriseshalted operations, 15.4 percent and 13.5 percent lower than last monthand last year.

These figures show that while the business climate is improving, difficulties continue for enterprises.

Tuanpointed out that the number of enterprises that temporarily haltedconstruction in the five-month period still experienced a 13 percentincrease. However, this was still good news, as it indicated a steadydecline from the 26.1 percent increase of the three-month period and16.9 percent increase of the four-month period.-VNA

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