Illustrative image (Source: VNA) The agency reported that in the month, 11,918 new enterprises were set up with combined registered capital topping 130.19 trillion VND (5.56 billion USD), a year-on-year rise of 106.9% and 91.6%, respectively.
It explained that as August 2021 saw complicated developments of COVID-19 with social distancing measures imposed in many localities, production and business activities were interrupted.
A year later, the number of businesses returning to the market increased 67.1% over the same period last year to 6,458, the highest for a month to date.
The results pushed the number of newly-established firms and enterprises returning to the market in the first eight months of this year to 149,451, up 31.1% year on year. Of the total, the number of new firms was 101,325, a rise of 24.2% year on year.
Processing business registration at the Business Registration Office of the Hanoi Department of Planning and Investment. (Photo: VNA) According to the agency, 15 out of the 17 sectors saw an increase in the number of new firms, led by accommodation and catering service at 51.7%.
Meanwhile, in the January-August period, 104,317 businesses left the market, including 59,609 firms halting their operations in a short term.
Despite the positive signs in the business number, the average capital of an enterprise fell 26.1% in August compared to that in January, 20.8% over the same period in 2021 and 34.2% over the same time in 2020. Experts held that this showed the caution of businesses and their difficulties in accessing capital./.
VNA
