Illustrative photo (Source: VNA)

Hanoi (VNA) – As many as 93,967 new enterprises were set up in the first nine months of this year with total capital of over 902.6 trillion VND (39.7 billion USD), a year-on-year rise of 15.4 percent and 43.5 percent, respectively.

According to the Enterprise Development Agency under the Ministry of Planning and Investment, average registered capital of each firm was 9.6 billion VND (4.22 million USD), a rise of 24.4 percent over the same period last year.

At the same time, over 1.24 quadrillion VND (54.5 billion USD) was injected into 27,579 operating businesses, raising total capital pumped into the economy to 2.14 quadrillion VND (94.16 billion USD), the agency added.

In September alone, 8,600 new enterprises were established with total registered capital of nearly 80.5 trillion VND (3.54 billion USD).

The number of labourers in the newly established companies in the period was 886,453, posting a 4.5 percent year-on-year decrease. The ministry also reported that in the first nine months of the year, some 30,846 firms dissolved or ceased operations.

More than 21,100 enterprises also resumed their operation in the first nine months of the year.

The East Southern and Red River Delta regions had the highest number of new companies with 39,600 and 28.400 firms, respectively-VNA