Some 52,000 enterprises were created in the first eight months of this year with total registered capital of nearly 253.7 trillion VND (12.08 billion USD), or a 9 percent rise year-on-year, according to statistics from the Business Registration Department.

In the second quarter of the year alone, the number of newly-created enterprises surpassed 23,200 - a record high for the past two years, soaring 20 percent over the same period last year.

The soaring number of newly-established firms reflected the recovery of the economy, according to the department.

Enterprises resuming operation after temporarily closing also increased in this year’s second quarter month-on-month, from 8,300 in April to 8,800 in May and 9,300 in June.

To date, a total of 10,631 enterprises resumed operation, statistics showed. The number of enterprises which dissolved and stopped operation is on the decline with 5,161 and 4,476 units in August, down 6.2 percent and 5.7 percent over the previous month, respectively.

Current low interest rate was also among factors helping enterprises expand operation and grasp business opportunities. Many economic experts pointed out that access to loans and how product are sold were the two most important factors for domestic enterprises.-VNA