New, existing companies register 107 billion USD in ten months hinh anh 1Illustrative image: An electronic product manufacturing line of the Republic of Korea-invested LG Electronics Vietnam (Photo: VNA)

Hanoi (VNA) – Total registered capital poured into the economy in the ten months of this year exceeded 2.43 quadrillion VND (107 billion USD), according to the General Statistics Office

The sum includes 1.4 quadrillion VND (61.6 billion USD) that more than 29,500 companies added to their charter capital.

Meanwhile, more than 105,100 firms established between January and October have total capital of over 1 quadrillion VND (44 billion USD), up 14.6 percent and 43 percent from the same period last year respectively.

In October alone, about 11,160 companies were set up with combined capital of 119 trillion VND (5.24 billion USD), representing respective month-on-month increases of 29 percent and 48 percent.

About 22,760 enterprises resumed their operations in the ten months, up 1.2 percent year on year.

About 37,800 or 36 percent of the firms founded during the period operate in the wholesale and retail sector, up 16.1 percent. While 13,400 new companies (12.8 percent) work in processing and manufacturing, 13,300 businesses (12.7 percent) engage in the construction sector, up 8.6 percent and 9.4 percent respectively.

From January to October, while nearly 9,800 businesses were dissolved, some 52,800 companies suspended operations, respectively rising by 5.4 and 4.1 percent from a year earlier, the General Statistics Office said.-VNA