New firm number down, registered capital up in two months
The numbers of newly founded businesses declined in both February and the first two months of 2019, but the average registered capital per firm increased, according to the General Statistics Office (GSO).
The numbers of newly businesses declined in both February and the first two months of 2019, but their average registered capital increased (Photo: VNA)Hanoi (VNA) – The numbers of newly founded businesses declined in both February and the first two months of 2019, but the average registered capital per firm increased, according to the General Statistics Office (GSO).
In February, 5,900 new companies were set up with total registered capital of 96.3 trillion VND (4.13 billion USD), the GSO said, attributing the month-on-month decrease of 41.5 percent in number of firms partly to the week-long Lunar New Year holiday in February.
However, the registered capital of each firm rose 8.8 percent on average to 16.3 billion VND.
Almost 15,980 new businesses were founded in the first two months with combined capital of 247.4 trillion VND. The respective figures dropped 14.6 percent and rose 25.4 percent from a year earlier.
Including the 531.2 trillion VND added to existing enterprises’ capital, a total of 778.6 trillion VND was poured into the economy in the last couple of months, GSO data showed.-VNA
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