Business

Nearly 4,000 new firms established in Binh Duong

A total of 3,999 new enterprises have been set up in the southern province f Binh Duong since the beginning of 2020, with their registered capital totaling approximately 26.95 trillion VND (1.16 billion USD).
Nearly 4,000 new firms established in Binh Duong ảnh 1Production at My Phuoc 2 industrial park in Binh Duong (Photo: VNA)


Binh Duong (VNA) – A total of 3,999 newenterprises have been set up in the southern province of Binh Duong since thebeginning of 2020, with their registered capital totaling approximately26.95 trillion VND (1.16 billion USD).

The figures showed slight annual decreases of 2.5 percent inthe number of firms and 0.5 percent in capital value.

The reduction, despite being small, reflected the impact ofthe COVID-19 pandemic on business operations in the province.

On average, each firm registered 6.74 billion VND worth of capitalduring the period, increasing 2.08 percent on-year.

The freshly established companies operate across 17 sectors.

Sectors that recorded annual increases in the number of newcomers includedagro-fishery (up 68.75 percent); health and social aid activities (45.45percent); information and communications (13.64 percent); and education andtraining (13.70 percent). Particularly, the electricity production anddistribution posted a significant rise of 1,685 percent against last year.

Phu Huu Minh, vice director of the Binh Duong Department ofPlanning and Investment, said to facilitate new registrations in the current difficulttime, the department has capitalised on the function of its information system,delivered outcomes via postal services, and guided firms to use onlineadministrative services./.   

VNA
#Binh Duong #new enterprises #registered capital #COVID-19 pandemic #business operations #freshly established companies #Pham Huu Minh #Vietnam News Agency #vietnamplus Binh Duong
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