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Thursday, June 13, 2024

Registered capital per enterprise in Vietnam declines in Jan-Apr

By Minh Anh

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HCMC – Though the country saw a rebound in new market entrants in April with nearly 16,000 firms, the average registered capital per enterprise fell in the first four months of the year over the year-ago period.

Each company which was registered in the first four months had VND9.3 billion in capital on average, down 27.2% against the same period last year.

The General Statistics Office said that last month, there were nearly 16,000 new enterprises established nationwide with total pledged capital of VND154,600 billion, up 12.3% and 6.2% compared to the month earlier, respectively.

Around 9,610 businesses resumed operations in April, rising nearly 53% against the previous month and up 36.6% year-on-year.

In the year till now, an additional 49,900 businesses with total registered capital of VND465,000 billion had entered the market, rising a mere 0.6% in volume but dropping sharply in registered capital.

If VND604,600 billion in extra capital registered by 17,174 existing firms in January-April was taken into account, the total amount of newly-pledged capital would be VND1,069.6 trillion, dropping 46% over the year-ago period.

Nearly 29,000 businesses resumed their operations in the first four months, down 6.2% over the same period last year, raising the number of newly established and restarted businesses to 78,900, declining 2% year-on-year.

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