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An additional 22,972 new enterprises were established in HCM City in the first seven months of the year with a combined registered capital of 297 trillion VND (13 billion USD).

Vietnam: Over 61,000 new enterprises formed in 6 months

In the first two quarters of this year, 61,276 enterprises were formed, with total registered capital of over 596 trillion VND (more than 26.2 billion USD), according the Ministry of Planning and Investment’s National Enterprise Information and Registration System.

Hanoi is estimated to post an increase of 7.37 percent in gross regional domestic products in the first half of 2017 and earn 5.8 billion USD from exports, up 12.1 percent against last year.

Nearly 11,000 new enterprises were established in the country in May with total registered capital of 119.24 trillion VND (5.24 billion USD).

Up to 9,725 new enterprises have been established in Hanoi during the first five months of this year, with a total registered capital of 3.23 billion USD, year-on-year rises of 13 percent and 5 percent.

As many as 13,102 new enterprises were established in April, the highest figure in the past 12 months, representing a month-on-month rise of 8.9 percent, according to the General Statistics Office (GSO).

Hanoi expects to have 40,000 new enterprises this year, with about 30-35 percent of them operating in the innovation and creativity fields.

Hanoi expects to have 40,000 new enterprises in 2017, with about 30-35 percent of them operating in the innovation and creativity fields.

The third session of the ninth People’s Council of Ho Chi Minh City on December 7 focused on measures to realise the target of 50,000 new firms in 2017 and 500,000 by 2020.

The Purchasing Managers' Index (PMI) in Vietnam, an indicator of manufacturing performance, increased from 49.4 in November to 51.3 in December, according to a Nikkei report, released early this week.

More than 86,800 new enterprises were registered in 11 months ending in November, a 28.1 percent year-on-year increase, according to the General Statistics Office of Vietnam.