Hanoi (VNA) – Vietnam saw declines in the number ofnewly-established companies and those resuming operation in November, said the GeneralStatistics Office.
A total of 11,637 new enterprises were registered this month with totalcapital of 118.4 trillion VND (5.09 billion USD), down 10.5 percent and 22percent, respectively, from the previous month. More than 3,400 others resumedoperation, a month-on-month decrease of 1.4 percent.
The number of dissolved firms was 1,554 while 6.353 companies haltedoperations during the month.
In the first 11 months of 2018, more than 121,200 businesses were setup with 1.2 quadrillion VND worth of newly registered capital and 2.2quadrillion VND worth of additional capital.
Close to 31,870 firms resumed operation in the January – Novemberperiod, up 30.9 percent from the same period last year. These firms operationalagain brought up the economy’s total number of company to 153,100.
However, the number of firms suspending and dissolving operation rose alarminglyduring the period, up 49.3 percent and 37.4 percent to over 83,100 and 14,800,respectively. Most of the dissolved companies were those with capital of below10 billion VND. –VNA
As many as 64,531 new enterprises have been set up in the first half of 2018 with a total registered capital of 649 trillion VND (28.6 billion USD), up 5.3 percent and 8.9 percent from the same period last year, respectively.
Nearly 75,800 new enterprises were established nationwide in the first seven months of the year, with a total registered capital of 771 trillion VND, a year-on-year rise of 3.9 percent in the number of firms, and a 11.6-percent rise in terms of capital.
The 1,000 biggest tax payers in Vietnam in 2017 contributed more than 110 trillion VND (4.72 billion USD) to the State budget, accounting for 63 percent of total tax contributions.
Some 87,448 new enterprises were established in the first eight months of the year, registering a total registered capital of 878.6 trillion VND (37.7 billion USD), a year-on-year increase of 2.4 percent in number of firms and 6.9 percent in capital, according to the General Statistics Office (GSO).
The southern province of Tien Giang recorded 556 newly-established enterprises with total registered capital of more than 3.5 trillion VND (149.3 million USD) in the first 10 months of 2018, up 8 percent and 67.6 percent year-on-year, respectively.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative image. (Photo: VNA)
