Tuesday,  Nov 24, 2020,05:08 (GMT+7) 0 0
New businesses post highest registered capital
The Saigon Times Daily
Tuesday,  Jul 30, 2019,12:56 (GMT+7)

New businesses post highest registered capital

The Saigon Times Daily

Employees work at a local firm. As many as 79,300 businesses were established in the past seven months - PHOTO: VNA

HCMC - As many as 79,300 businesses were established in the past seven months with combined registered capital of VND999.4 trillion, up 4.6% and 20.6% year-on-year, respectively, VietnamPlus reports, citing data from the General Statistics Office.

The average registered capital of new businesses was VND12.6 billion, setting a new record.

With VND1.470 quadrillion in additional capital from existing businesses included, fresh and additional capital totaled VND2.470 quadrillion, or some US$105 billion.

Besides this, some 24,300 businesses reportedly resumed operations year-to-date, rising by 29.9% against the same period last year. However, 23,100 firms registered to suspend operations in the period, and 24,800 units are currently undergoing dissolution.

Of the 9,300 businesses dissolved (up 20% year-on-year), small businesses with capital below VND10 billion accounted for up to 90.4%.

Share with your friends:         
 
Business
Society
Life
Travel
 
Publication Permit No. 321/GP-BTTT issued on October 26, 2007
Deputy Editor-in-Chief: Pham Huu Chuong
Managing Editor: Nguyen Van Thang.
Assistant Managing Editor: Pham Dinh Dung.
Head Office: 35 Nam Ky Khoi Nghia St., Dist.1, Ho Chi Minh City, Vietnam. Tel: (84.28) 3829 5936; Fax: (84.28) 3829 4294.
All rights reserved.