Newly-established enterprises up in 2018

The total number of newly-established enterprises in 2018 was 131,275 with total registered capital of 1.5 quadrillion VND, up 3.5 percent and 14.1 percent, respectively, against last year.
Newly-established enterprises up in 2018 ảnh 1Illustrative image (Source: tapchitaichinh.vn)
Hanoi (VNA) - The total number of newly-established enterprises in 2018was 131,275 with total registered capital of 1.5 quadrillion VND (64.5 billionUSD), up 3.5 percent and 14.1 percent, respectively, against last year.

Average registered capital was 11.3 billion VND (489,640 USD) per company in2018, up 10.2 percent, said a press conference of the General Statistics Office(GSO) in Hanoi on December 27.

The number of enterprises resuming their operations was around 34,000, up 28.6percent compared to the previous year.

The total number of newly-established firms and firms resuming operations hit more than 165,000 companies, breaking the record of around 153,000firms last year.

In the first 11 months of 2018, more than 121,200 businesses were set up with1.2 quadrillion VND (51.6 billion USD) worth of newly registered capital and 2.2 quadrillion VNDworth of additional capital.

Close to 31,870 firms resumed operation in the January – November period, up30.9 percent from the same period last year. These firms operational againbrought up the economy’s total number of company to 153,100.

However, the number of firms suspending and dissolving operation rose alarminglyduring the period, up 49.3 percent and 37.4 percent to over 83,100 and 14,800,respectively. Most of the dissolved companies were those with capital of below10 billion VND.–VNA
VNA

See more

Hideaki Egashira revealed plans to expand Idemitsu's investment in Vietnam. (Photo: tapchicongthuong.vn)

Idemitsu to expand investment in Vietnam

Hideaki Egashira, General Director of Idemitsu Vietnam Co Ltd, a subsidiary of Japanese petroleum company Idemitsu Kosan, has revealed plans to expand the company's investment portfolio in Vietnam.

Illustrative image (Photo: VNA)

Over 56% of Japanese firms looking to expand investment in Vietnam: Survey

According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.

Vietnam’s rice exports to Singapore surge (Photo: VNA)

Vietnam’s rice exports to Singapore surge

Vietnam’s rice exports to Singapore recorded significant growth in 2024, cementing Vietnam’s position as the third-largest rice supplier of the city state, according to the Vietnam Trade Office in Singapore.

The 21st conference of the 17th Hanoi Party Committee on January 21 (Photo: VNA)

Hanoi sets ambitious growth targets for 2025-2030

Hanoi has set a goal of achieving an annual growth rate of 10.5-11% during the 2025-2030 period, focusing on bolstering traditional economic drivers while implementing innovative solutions to promote new ones.

Minister of Industry and Trade Nguyen Hong Dien (Photo: VNA)

Vietnam commits to supporting Czech investors: Minister

Minister of Industry and Trade Nguyen Hong Dien pledged Vietnam’s support to Czech businesses and investors while addressing the bilateral business forum held in Prague on January 20 as part of Prime Minister Pham Minh Chinh’s official visit to the European country.

Processing mango products for export at the factory of An Giang Fruit and Vegetables JSC. in Lam Dong province (Photo: VNA)

UNCTAD leader highlights Vietnam’s role in global trade

Vietnam has emerged as a remarkable example of how trade and investment can fuel inclusive growth and development, according to Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).

Le Anh Quan, Standing Vice Chairman of the municipal People's Committee and Chairman of the Vietnam-Korea Friendship Association delivers speech at the event. (Photo: VNA)

Vietnam, RoK strengthen friendship, cooperation

The Vietnam-Korea Friendship Association (VKFA) and the Korean Association in the northern city of Hai Phong hosted a friendship exchange on January 20 during which the Vietnam-Korea Business Club in Hai Phong was launched.