Newly-established businesses drop nearly 17% in January (Photo: VNA) Hanoi (VNA) – There were 10,800 newly-registeredenterprises with total registered capital of 99.1 trillion VND (4.22 million USD) in January 2023, representing respective decreases of 16.6% and 48.5% over the same periodlast year.
Data from the Business Registration Management Agency under theMinistry of Planning and Investment showed that the average registered capital of a newly established enterprise in the month was only 9.1 billion VND, down 8.2% month-on-month and 38.2% year-on-year.
The agency attributed to the declines to the long New Year and Lunar News Year (Tet) holidays that resulted in less working time.
As many as 4,500 businesses increased their capital by 279 trillion VND, while 15,100 enterprises resumed operations, up 146.8% compared to the previous month and down 21.2% from the same period last year.
Enterprises withdrawing from the market numbered 43.900, ayear on year increase of 14.4% .
To support businesses, General Director of the General Statistics Office Nguyen Thi Huong suggested that ministries andbranches continue to ensure adequate supply of raw materials and energyto meet requirements of production and business recovery and socio-economicdevelopment; remove difficulties and obstacles for important industrialprojects; provide maximum support for factories to maintain and restore production to keeporders and supply chain.
Many manufacturing enterprises also proposed the government continue tostrengthen the simplification and transparency of customs procedures to reducecosts them./.
