Illustrative photo (Source: VNA) Hanoi (VNA) - More than 96,600 newenterprises were founded in the first nine months of 2018 with a totalregistered capital of 963.4 trillion VND (41.3 billion USD), representingyear-on-year rises of 2.8 percent and 6.7 percent, respectively.
The average registered capital was 10 billion VND(428,000 USD) each firm, up by 3.8 percent, General Director of the GeneralStatistics Office (GSO) Nguyen Bich Lam said on September 28.
Together with more than 1.88 trillion VND worthof additional capital by exiting firms, a total of nearly 2,845.3 trillion VND waspoured into the economy in the first nine months of this year.
Besides, nearly 22,900 firms resumed operationin the period, up by 8.5 percent. However, the number of firms haltingoperations was alarming.
The GSO’s report about socio-economicdevelopment in the January-September period showed that more than 73,000 firmshalted operation, up by 48.1 percent over the same period last year. Togetherwith 11,500 companies that completed the procedures for dissolution in theperiod, most of the firms are those with capital of below 10 billion VND. Thismeant that on average 270 firms halted or stopped operations each day.
A GSO survey founded that firms in themanufacturing and processing industry have different views about the businessprospects in the remaining months of this year.
About 52 percent of the surveyed firms said thatthe trend would be positive while 35.8 percent saw the business would be stableand 11.7 percent forecast more difficult in the last quarter of this year.-VNA
VNA
