Nearly 11,000 new firms established in November

Hanoi (VNA) – Close to 11,000 enterprises were established with a registered capital of 109.9 trillion VND (4.8 billion USD) in November, data of the Ministry of Planning and Investment revealed.

This was a decrease of 2.1 percent in the number of newly-established businesses and 7.8 percent in registered capital, as compared to the previous month.

Of these, the number of enterprises resuming their operation in November was 1,338, an increase of 0.7 percent against October.

Overall, in the first 11 months of this year, the total number of newly-established enterprises and businesses returning to operation was 140,394, with a total registered capital of 2.71 quadrillion VND.

The average registered capital for each business in the January – November period was 9.8 billion VND, a year-on-year increase of 24.3 percent, while the figure in November only was 10.1 billion VND, down 5.8 percent over the previous month.

The number of labourers in the newly-established enterprises was over one million people, down 8 percent against the same period last year.

In the past 11 months, the number of enterprises concentrated mainly in the fields of wholesale, retail, automobiles and motorbikes repairing was 41,627, accounting for 35.9 percent; the processing and manufacturing industry had 14,846 enterprises, making up 12.8 percent; the construction sector had 14,695 enterprises, or 12.7 per cent; and science, technology, consulting services, design and advertising had 8,663 new enterprises, equivalent to 7.5 percent of the total number.

Regarding registered capital, from January to November, the real estate sector had the highest registered capital of over 314 trillion VND, accounting for 27.8 percent, followed by wholesale, retail, automobiles and motorbikes repairing, worth more than 182 trillion VND, accounting for 16.1 percent, while the construction sector had a registered capital of 155.3 trillion VND, making up 13.7 percent.-VNA