Up to 25,729 enterprises were formed in the first four months of 2014 with total registered capital of 143 trillion VND, the Government news portal (VGP) reported.

The number of newly-established enterprises saw year-on-year increase of 8.1% while the registered capital surged by 16.2% against the same period last year, said VGP, citing figures released by the Business Registration Department under the Ministry of Planning and Investment.

According to the Department, 21,489 enterprises were dissolved or temporarily suspended operation without registration in the reviewed period.

Meanwhile, 5,863 enterprises resumed operation in the January-June period. Most of them are located in Ho Chi Minh City (2,044) and Hanoi (1,366).

Almost all sectors saw rising number of newly-formed enterprises especially in finance, banking, and insurance (up 276.4%).

However, some sectors witnessed the fall in the quantity of enterprises such as information and communications, job services and tourism.-VNA