Vietnamplus

The number of newly-established businesses in Hanoi rose by 14 percent to 16,714 in the first eight months of 2017.

As many as 72,953 new enterprises were established in the first seven months of this year with a total registered capital of 690.74 trillion VND (30.39 billion USD).

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).

Nearly 428 million USD in foreign direct investment (FDI) was disbursed in the southern province of Dong Nai since the beginning of this year, equivalent to 54 percent of its annual plan.

The Mekong Delta province of Kien Giang licensed 24 projects, including three foreign direct investment (FDI) projects, with a combined registered capital of 40.31 trillion VND (1.77 billion USD), 3.6 times higher than the number of 2016.

The total registered capital and added capital of businesses in Dong Nai province amounted to 24 trillion VND (1 trillion USD) in the first half of 2017, a year-on-year increase of 115 percent.

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.

In the first six months of 2017, the total amount of newly registered capital, additional investment and share purchase reached 19.22 billion USD, up 54.8 percent year on year.

The northern province of Bac Giang drew 77 investment projects with a combined registered capital of 1.455 million USD in the first five months of this year.

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.

A number of Vietnamese firms reached partnership deals with Myanmar companies during the Vietnam-Myanmar Trade-Services-Tourism Fair 2017 in Yangon.

The number of newly-established firms hit a record high of 110,100 in 2016, up 16.2 percent from 2015, according to the Business Registration Management Agency under the Ministry of Planning and Investment.

For the year to October 20, total registered of new foreign-invested projects in Vietnam dropped 1.3 percent year-on-year to 12.26 billion USD despite a 24.4 percent increase in the number of projects

Vietnam attracted 16.43 billion USD in foreign direct investment (FDI) in the first nine months of 2016.

Vietnam and Cambodia hold substantial potential for cooperation in economy, trade, investment, tourism and other fields, Vietnamese Ambassador to Cambodia Thach Du said.

Businesses have put more confidence in Vietnam’s economic prospect, many economists said, pointing to the surge in the newly registered capital and the number of companies resuming operations.

Vietnam attracted over 1.65 billion USD of FDI in July, adding up to nearly 13 billion USD of the newly registered and additional FDI in the first seven months of 2016.

Some 64,000 enterprises were created in the first seven months of this year with a total registered capital of nearly 497 trillion VND (22.36 billion USD), according to statistics from the GSO.

The number of businesses resuming operations in the first half of 2016 saw a record high in many years, as it jumped 75.2 percent from a year earlier to 14,902, said the General Statistics Office.

The registered capital of newly-established businesses jumped 52 percent from the same period in 2015.