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Sunday, September 25, 2022

Number of new firms in April hits new high

By Le Hoang

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HCMC – Nearly 15,000 firms were established across Vietnam in April, the highest monthly number ever, up 4.9% against the previous month, according to the General Statistics Office.

Their registered capital was VND164 trillion, 15.3% higher than March.

These new market entrants also wanted to recruit around 105,000 employees, up 11.7% month-on-month.

Each new firm registered an average of VND10.9 billion in capital, down 19.2% month-on-month and 9.6% year-on-year.

This month also saw over 7,000 enterprises resuming their operations, surging by 64% month-on-month and 22.4% year-on-year.

Between January and April, the country had 49,600 newly-established firms with total pledged capital of VND635 trillion, up 12.3% in number and 1.2% in capital value year-on-year.

In addition, 17,100 operational companies registered an additional VND1.3 trillion to fund their expansion plans, raising the total newly pledged capital to nearly VND2 trillion during the January-April period, up 39.4% year-on-year.

Over 30,900 enterprises resumed their operations in the January-April period, taking the total number of newly-established firms and those returning to the market after suspension in the first four months of the year to 80,500, up 26.9% year-on-year.

However, the period witnessed a 44.6% surge in the number of enterprises suspending their operations, reaching 41,000. Over 15,000 firms halted operations pending dissolution, down 8.7% year-on-year, while some 5,600 companies completed procedures for disbandment, a year-on-year decline of 17.5%.

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