Nearly 110,800 new firms established in eight months

Nearly 110,800 new enterprises with total registered capital of nearly 994.7 trillion VND (40.3 billion USD) were established in the first eight months of 2024, a year-on-year increases of 4.4% in the number of businesses and 0.7% in the capital, according to the General Statistics Office (GSO).

Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)

Hanoi (VNA) – Nearly 110,800 new enterprises with total registered capital of nearly 994.7 trillion VND (40.3 billion USD) were established in the first eight months of 2024, a year-on-year increases of 4.4% in the number of businesses and 0.7% in the capital, according to the General Statistics Office (GSO).

These new businesses registered a total of 672,400 workers, a drop of 1.9% over the same period last year.

The average registered capital of a new enterprise in the January - August period declined by 3.6% to 9 billion VND.

In August, Vietnam had more than 13,400 newly established enterprises with registered capital of 124.6 trillion VND, down 15.2% in number of businesses and 6.2% in registered capital month on month.

The average registered capital of a new enterprise in August stood at 9.3 billion VND, up 24.4% over the previous month, and down 3.9% compared to the same period last year.

In addition, nearly 8,500 businesses returned to operation in August, an increase of 12.7% over the previous month and 35.6% compared to the same period last year.

In the first eight months, 2.04 quadrillion VND of added registered capital was poured into Vietnam’s economy, down 5.1% compared to the same period last year.

During the reviewed period, over 57,3000 businesses resumed their operation, an increase of 25.3% from a year earlier, bringing the total number of newly established businesses and businesses returning to operation to 168,100, a year-on-year increase of 12.5%.

Meanwhile, the number of enterprises temporarily suspending operation was over 82,800, rising 15.3%. About 38,700 businesses stopped their operations to wait for dissolution procedures, down 5.8% over the same period last year and 13,800 businesses completed dissolution procedures, up 18%./.

VNA

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