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Friday, July 12, 2024

Vietnam sees newly established enterprises soar in Oct

By Le Hoang

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HCMC – The country saw over 8,230 newly established enterprises in October, surging 42.9% from August and 111.2% from September, as the economy reopened.

According to the General Statistics Office, the newly established enterprises in October had their registered capital totaling VND108.6 trillion (US$4.78 billion) and 58,800 employees, increasing 73.9% and 17.9% month-on-month, respectively.

However, the figures were still down 32.5% in quantity, 34.4% in registered capital, and 18.8% in the number of laborers compared with the same period last year.

Besides, more than 4,300 enterprises resumed operations in October, falling 14.7% compared with the same period last year but increasing 29.8% against September. Forty-five of 63 cities and provinces saw the number of enterprises resuming operations increase last month.

The number of enterprises resuming operations soared 167.3% month-on-month in Danang, 58.3% in Can Tho, 31.6% in HCMC, 17.8% in Hanoi, 17% in Binh Duong and 3.8% in Dong Nai.

From January to October, 93,700 new companies were established, with total registered capital of nearly VND1.3 quadrillion and 707,700 employees, down 15.7% in the number of firms, 18.2% in capital and 16.8% in the number of laborers year-on-year.

In addition, more than 35,300 enterprises restarted operations, falling 6.3% year-on-year.

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