Number of new businesses hits record

A total of 138,100 businesses with a combined registered capital of 1.73 quadrillion VND (over 74.7 billion USD) were set up in 2019, up 5.2 percent and 17.1 percent, respectively, from the previous year.
Number of new businesses hits record ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – A total of 138,100 businesses with a combined registered capital of 1.73 quadrillion VND (over 74.7 billion USD) were set up in 2019, up 5.2 percent and 17.1 percent, respectively, from the previous year.

According to the General Statistics Office, average registered capital was 12.5 billion VND (540,520 USD) per company, up 11.2 percent.

The newly-established enterprises created jobs for 1.25 million workers, a year-on-year increase of 13.3 percent.

Besides, 40,100 firms increased their registered capital by 2.27 trillion VND. 

In addition, about 39,400 firms resumed their operations, up 15.9 percent, raising the total number of newly-established enterprises and those resuming operations to 177,500. 

Averagely, nearly 14,800 firms were set up or resumed their activities each month.

This year, 28,700 firms halted their operations. Meanwhile, 43,700 enterprises were waiting for dissolution procedures and 16,800 others completed the procedures./.
VNA

See more

At the second economic consultation meeting held in Warsaw (Photo: Ministry of Industry and Trade)

Vietnam, Poland discuss major measures to beef up economic ties

Vietnam and Poland discussed and agreed on major measures to beef up trade and economic partnership at the second economic consultation meeting held in Warsaw as part of Prime Minister Pham Minh Chinh’s ongoing official visit to the European country.

Executive President of the China - ASEAN Business Council (CABC) Xu Ningning. (Photo: VNA)

Broader space for Vietnam - China cooperation: Chinese expert

By working together on new challenges and business opportunities, the prospects for cooperation between China and Vietnam will be even broader, and there will certainly be more space for development, said Executive President of the China - ASEAN Business Council (CABC) Xu Ningning.

Illustrative image (Photo: VNA)

Vietnam, Algeria forge stronger economic bonds

The Vietnam Trade Office in Algeria held a meeting with representatives from several Algerian trade promotion organisations and businesses on January 15 to look back on bilateral trade and chart a course for future collaborations.

Swiss-Viet Economic Forum members (Photo: VNA)

Swiss-Viet Economic Forum helps boost bilateral collaboration

The Swiss-Viet Economic Forum (SVEF) set goals for 2025, focusing on continuing to serve as a bridge to strengthen economic and cultural relations between the two countries at an event on January 15 to celebrate the first anniversary of its establishment.

Workers at a Taiwanese company in An Duong industrial part, Hai Phong city. (Photo: VNA)

Hai Phong, Quang Ninh attract 7.82 billion USD in FDI in 2024

With 7.82 billion USD in foreign direct investment lured in 2024, the port city of Hai Phong and the northeastern province of Quang Ninh continued affirming their strong attraction as the two pillars of the northern economic triangle, that includes Hanoi.