Workers making furniture at a Woodland's factory. (Photo: baodautu.vn) Hanoi (VNS/VNA) — The number of newlyestablished firms reached an all-time high of around 15,000 in April, withtotal registered capital of 164.1 trillion VND (7.1 billion USD), according to the General StatisticsOffice (GSO).
The number ofre-opened firms was 7,034, up 22.4 percent year-on-year.
Meanwhile, 5,391 firmstemporarily ceased operation, 3,762 were in the dissolution process, and 1,227completed dissolution procedures.
In total, the number offirms entering the market was double the number of those withdrawing from the marketin April.
Vietnam saw 49,591 newly-formedfirms in the first four months of 2022, with total registered capital of 635.3trillion VND, around 12.3 percent higherthan the figure in the same period last year.
The GSO underlinedthe proliferation of new businesses as a sign of economic recovery, indicatingthat supportive policies of the Government and National Assembly have been onthe right track and begun to take root.
According to theEuropean Chamber of Commerce (EuroCham) report, the Business Climate Index inVietnam has reached its peak at 73 points since the fourth wave ofthe pandemic hit the country last April.
The index is expected tosustain its upward trend next quarter with a more optimistic outlook from thebusiness sector, notably from tourism firms, which began to pick up after thereopening in March.
The report, whichsurveyed over 1,000 firms, also found that two-thirds of firms are upbeat aboutthe growth prospect of the economy in Q2.
"Over halfEuroCham's members have plans to take on more staff. Some hotels have theirrooms fully booked for the first time in the past three years. It's time torestore the economy to the pre-pandemic levels," said Alain Cany, chairmanof EuroCham in Vietnam.
TheGSO's socio-economic report in March showed that 50 percent of Vietnamesefirms have a positive outlook for the economy in Q2, 32.3 percent a stableoutlook, and 17.7 percent a negative outlook./.
