January saw more than 3,520 firms raising their levels of capital by 218 trillion VND (9.56 billion USD). (Source: VNA)

Hanoi (VNA) - Some 11,000 enterprises were established with a registered capital of 98.27 trillion VND (4.31 billion USD) in the first month of this year.

These figures represented respective increases of 20.6 percent and 8.9 percent compared to the same month last year, data of the Ministry of Planning and Investment revealed.

January also saw more than 3,520 firms raising their levels of capital by 218 trillion VND (9.56 billion USD), while nearly 4,600 enterprises resumed their operations, according to the ministry.

The average registered capital for each business this month was 9.1 billion VND (approximately 400,000 USD), down 10 percent year-on-year. Meanwhile, the number of labourers in the newly-established enterprises was 85,300 people, marking a yearly decrease of 18 percent.

According to the data, the number of new enterprises were concentrated mainly in the wholesale, retail, automobiles and motorbikes repairing sectors, reaching more than 3,800, accounting for 35.1 percent of the total enterprises; there were 1,380 enterprises operating in the construction sector, or 12.7 percent, and 1,320 enterprises in the processing and manufacturing industry, making up 2.2 percent.

Regarding the registered capital, the construction sector recorded the highest registered capital of more than 20.61 trillion VND (904 million USD), accounting for 21 percent. The real estate came second with 17.56 trillion VND (770 million USD) or 18 percent, while the wholesale, retail, automobiles and motorbikes repairing sectors ranked third with 17.17 trillion VND (753 million USD), or 17.5 percent.-VNA