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.
The southern province of Ba Ria - Vung Tau was one of the leading localities in attracting investment during 2016-2020, Director of the provincial Department of Planning and Investment Nguyen Cong Vinh has said.
A total of 3,999 new enterprises have been set up in the southern province f Binh Duong since the beginning of 2020, with their registered capital totaling approximately 26.95 trillion VND (1.16 billion USD).
The number of newly-established enterprises in all 17 sectors in the economy grew in June for the first time since the beginning of the year, after tens of thousands of companies were forced to shut their doors because of COVID-19.
Industrial zones (IZs) and economic zones (EZs) attracted 390 foreign-invested projects with a total registered capital of 4.3 billion USD in the first five months of this year, according to the latest updates of the Ministry of Planning and Investment.
The northern province of Vinh Phuc attracted nine new foreign direct investment (FDI) projects and permitted 17 existing ones to increase capital with a combined sum of over 88 million USD in the first five months of 2020.
Hanoi attracted 1.05 billion USD in FDI in the first five months of this year, it was reported at a video meeting of the municipal People’s Committee on May 29.
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.
Vietnam attracted 12.33 billion USD in foreign direct investment (FDI) in the first four months of 2020, a year-on-year decrease of 15.5 percent due to the impact of the COVID-19 pandemic, according the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
HCM City had lured over 1 billion USD in foreign direct investment (FDI) this year as at March 20, down 33 percent compared to the same period last year, according to the city’s bureau of statistics.
Up to 18,600 businesses were forced to suspend operations in the first quarter of 2020 due to the COVID-19 pandemic, up 26 percent year on year, reported the General Statistics Office (GSO).
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.
A total of 138,100 businesses with a combined registered capital of 1.73 quadrillion VND (over 74.7 billion USD) were set up in 2019, up 5.2 percent and 17.1 percent, respectively, from the previous year.
Vietnam attracted 31.8 billion USD in foreign direct investment (FDI) in the first 11 months of 2019, up 3 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The Government recently issued Decree No.86/2019/ND-CP regulating the minimum legal capital levels of foreign banks’ branches and credit institutions operating in Vietnam.
Ho Chi Minh City attracted 6.17 billion USD in foreign direct investment (FDI) during January-October, a year-on-year increase of 3.4 percent, the municipal Department of Planning and Investment has said.
Close to 102,300 new enterprises were established in the first nine months of this year with a combined registered capital exceeding 1.29 quadrillion VND (55.47 billion USD), up 5.9 percent and 34 percent, respectively, from a year ago.
As many as 1,609 foreign direct investment (FDI) projects, worth 22.3 billion USD, landed the Mekong Delta in the first half of 2019, reported the Vietnam Government Portal (VGP).
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