Newly-established enterprises up in 2018

The total number of newly-established enterprises in 2018 was 131,275 with total registered capital of VND1.5 quadrillion (US$64.5 billion), up 3.5% and 14.1%, respectively, against last year.

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Average registered capital was VND11.3 billion (US$489,640) per company in 2018, up 10.2%, said a press conference of the General Statistics Office (GSO) in Hanoi on December 27.

The number of enterprises resuming their operations was around 34,000, up 28.6% compared to the previous year.

The total number of newly-established firms and firms resuming operations hit more than 165,000 companies, breaking the record of around 153,000 firms last year.

In the first 11 months of 2018, more than 121,200 businesses were set up with VND1.2 quadrillion worth of newly registered capital and VND2.2 quadrillion worth of additional capital.

Close to 31,870 firms resumed operation in the January – November period, up 30.9% from the same period last year. These firms operational again brought up the economy’s total number of company to 153,100.

However, the number of firms suspending and dissolving operation rose alarmingly during the period, up 49.3% and 37.4% to over 83,100 and 14,800, respectively. Most of the dissolved companies were those with capital of below VND10 billion.

VNA

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