Illustrative photo (Photo: VNA)

Hanoi (VNA) –
Up to 109,611 new enterprises were formed in the first 10 months of this year, with total capital of more than 1.11 quadrillion VND (48.1 billion USD).

The figures marked a year-on-year increase of 4.3 percent in the number of businesses and 9.2 percent in capital, according to the General Statistics Office under the Ministry of Planning and Investment.

In October alone, 13,000 firms were founded with accumulated capital of 152.5 trillion VND (6.5 billion USD).

During the January-October period, the average capital for an enterprise reached 10.2 billion VND (438,600 USD), up 4.7 percent over the same period last year.

In addition, 27,935 firms resumed operations, up 22.7 percent year-on-year, raising the total number of new and resumed enterprises to 137,500.-VNA