Business

Newly-registered labourers in May down 24.5 percent

A total of 80,500 workers were registered at newly-established businesses in May, down 24.5 percent year-on-year, according to the General Statistics Office (GSO).
Newly-registered labourers in May down 24.5 percent ảnh 1Workers at a company specialising in production of electronic products and spare parts in Hai Phong city (Photo: VNA)

Hanoi (VNA) - A total of 80,500 workers were registered atnewly-established businesses in May, down 24.5 percent year-on-year, accordingto the General Statistics Office (GSO).

The GSO reported that the number of workers at State-ownedenterprises fell by 0.4 percent in the first four months of 2018.

The figures for non-State enterprises and foreign directinvestment (FDI) firms respectively rose by 4.3 percent and 4.2 percent in theperiod.

Meanwhile, the number of labourers in industrial firms increased 3.8 percent comparedto the same period last year.

According to the Business RegistrationManagement Department under the Ministry of Industry and Trade, a total of11,027 businesses with combined registered capital of 104.8 trillion VND (4.61billion USD) were established in May.

The figures represent decreases of 24 percent innumber and 21.5 percent in capital compared with April.

In the month, 2,306 businesses resumed operations, down 29.7 percent and 6,855enterprises temporarily stopped operations, up 11.7 percent. Meanwhile, 834others completed dissolution procedures, down 39.5 percentmonth-on-month. 

The number of newly-established enterprises inthe first five months rose by 3.5 percent year-on-year to 52,322, withtotal registered capital of 516.9 trillion VND (22.77 billion USD).

Large numbers of new enterprises were seen in sectorssuch as wholesale and retail, repair of cars and motorcycles, processing andmanufacturing and construction.

Twelve sectors saw an increase in newlyestablished enterprises in the first five months. The real estate tradingsector had the highest growth in the number of new enterprises at 41.1 percent.

The sector also saw the highest development in registered capital of new firms,accounting for some 29 percent of the total registered capital.

Sectors such as electricity production anddistribution, real estate trading, finance-banking and mining led in terms ofaverage capital per enterprise.-VNA
         
VNA
#workers #newly-established businesses #General Statistics Office (GSO) #State-owned enterprises #foreign direct investment #FDI #firms #Business Registration Management Department #Ministry of Industry and Trade #registered capital #vietnamplus #Vietnam News Agency
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