There were 2,536 newly-established businesses in Ho Chi Minh City in January with a total newly registered capital of over 17.9 trillion VND (778 million USD), down 7.07% in volume and 38.03% in value year on year, reported the municipal People’s Committee.
Vietnam saw over 13,000 new enterprises formed with a total registered capital of 106.9 trillion VND in October, up 13.6% in number of firms but down 21.4% in capital from the previous month.
Record rise was seen in the number of newly-established firms and those returning to the market in the first eight months of this year thanks to a surge in August’s figures, according to the Business Registration Agency under the Ministry of Planning and Investment.
The number of newly-established enterprises in the first five months of the year was 62,961, up 12.9 percent over the same period in 2021, according to the General Statistics Office (GSO).
The number of newly established firms reached an all-time high of around 15,000 in April, with total registered capital of 164.1 trillion VND (7.1 billion USD), according to the General Statistics Office (GSO).
Hanoi disbursed some 2.2 trillion VND (96.44 million USD) worth of investment sourced from the State budget in February, equivalent to 66.5 percent of last month’s figure, but an increase of 6.2 percent year-on-year, the municipal Statistics Office reported.
The COVID-19 pandemic has forced up to 7,941 enterprises in the Mekong Delta to suspend their operations or register for dissolution in the first nine months of this year.
Business and production have been severely stricken by prolonged lockdowns and social distancing orders triggered by the worst-ever COVID-19 resurgence in the third quarter of 2021, according to the General Statistics Office (GSO).
The number of new enterprises established in the first four months of 2021 rose 17.5 percent from a year earlier, the fastest growth since 2017, and it increased in all economic sectors, according to the General Statistics Office (GSO).
Vietnam had 29,300 newly-established enterprises with total registered capital of 447.8 trillion VND (19.37 billion USD) in the first quarter of this year, according to the General Statistics Office (GSO).
Nearly 10,100 enterprises were established in January, a 21.9 percent increase over the same time last year, according to the General Statistics Office of Vietnam.
As many as 2,390 newly-established firms and 771 subordinate units with a total registered capital of over 24.12 trillion VND (1.04 billion USD) were set up in northern Bac Ninh province last year, up 2 percent in number and 8.6 percent in capital.
Noticeable increases in the number of enterprises that were newly established or restarted operation were recorded in October in comparison to September, signaling a recovering post-pandemic market, an office has said.
Vietnam recorded nearly 111,200 new enterprises from January-October, a year-on-year decline of 2.9 percent, according to the General Statistics Office (GSO). The new entrants, however, have combined registered investment of more than 1,594 trillion VND (68.3 billion USD), up 11.1 percent against the same period last year.
Nearly 37,600 new firms were formed in Vietnam with a total registered capital of 445.2 trillion VND (19.1 billion USD) in the first four months of this year, down 13.2 percent in number and 18 percent in capital year-on-year due to the COVID-19 pandemic.
The number of newly-established firms in the northern province of Vinh Phuc in the first nine months of this year is estimated at 835, an increase of 8 percent from the same period last year.
Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14 percent year on year and accounting for 37.2 percent of the newly-established firms of the country, according to the General Statistics Office (GSO).
Ho Chi Minh City attracted over 1.55 billion USD in foreign direct investment in the first quarter of this year, up 20.4 percent year-on-year, according to the municipal People’s Committee.
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