Registered capital of new firms hits four-year high Business

Registered capital of new firms hits four-year high

A total of 8,276 new enterprises were established in the first month of 2020, down 17.9 percent year-on-year, but the total registered capital of the firms surged sharply by 76.8 percent to 267.2 trillion VND (11.55 billion USD), the highest growth rate in four years, the General Statistics Office (GSO) reported.
Better legal framework needed for SMEs Business

Better legal framework needed for SMEs

A consistent legal framework related to tax deductions, land allocations and credit programmes is needed to support small- and medium-sized enterprises (SMEs), experts have urged.