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Saturday, October 8, 2022

Nearly 150,000 firms newly-established and re-operational from Jan-Aug

By Le Hoang

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HCMC – In the first eight months of this year, Vietnam saw around 150,000 newly-registered and re-operational businesses, up 31.1% year-on-year, according to the Ministry of Planning and Investment.

In particular, there were 101,300 enterprises established, with total registered capital of VND1,136 trillion and 696,200 employees, along with 48,100 businesses resuming operations.

Of the new market entrants, there were 1,388 agriculture, forestry and fishery companies, 25,300 industrial and construction firms and 74,700 service enterprises.

Accordingly, the number of newly-established firms, registered capital and employees grew by 24.2%, 0.3% and 16.2% over the same period last year, respectively.

The number of companies that resumed their operations grew by 48.3% year-on-year.

In August alone, some 11,900 businesses were founded, a 9.5% decrease from the previous month, with total pledged capital reaching VND130.2 trillion, up 5,1%, and 75,200 employees, down 29,1%.

The average registered capital of a newly-established enterprise was VND11.2 billion, down 19.3% versus the same period last year.

The additional registered capital contributed to the economy in the first eight months totaled VND3,638.4 trillion, up 36.1%.

On average, some 18,700 businesses are established and restarted a month.

Roughly 59,600 enterprises have temporarily suspended their business activity in the first eight months, up 38.1% versus the same period last year.

Some 32,400 other firms halted operations pending dissolution, rising by 7.5 %, while 12,300 others completed procedures for disbandment, dropping by 0.9% year-on-year.

Over 13,000 enterprises pull out of the market monthly.

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