Newly-established, re-operating enterprises up over 33%

Vietnam saw nearly 194,700 newly established and re-operating enterprises in the first 11 months of 2022, up 33.2% over the same period in 2021, according to the Business Registration Agency under the Ministry of Planning and Investment.

In November alone, the country counted 11,943 new enterprises with a total registered capital of some 4.3 billion USD, and 74,000 laborers. Meanwhile, about 6,300 enterprises resumed their operation in the month, up over 26% year-on-year.

On the opposite side, there were over 132,000 enterprises withdrawing from the market in the last 11 months. A total of more than 70,000 enterprises temporarily ceased operations, a yearly hike of nearly 35%. 

The agency said that, the total registered capital of enterprises tends to decrease, and the average amount of registered capital of newly-established firms is expected not to rise in the remaining months of this year.

To support businesses, ministries and sectors were urged to ensure adequate supply of raw materials and energy; and work hard to remove difficulties and obstacles for important industrial projects./.

VNA