Vietnam has more than 26,700 new firms in first quarter
More than 26,700 enterprises were established in Vietnam in the first three months of the year, with total registered capital of nearly 278.5 trillion VND (12.25 billion USD), according to the Agency of Business Registration under the Ministry of Planning and Investment.
More than 26,700 enterprises were established in Vietnam in the first three months of the year. (Photo: VNA)
Hanoi (VNA) – More than 26,700 enterprises were established in Vietnamin the first three months of the year, with total registered capital of nearly278.5 trillion VND (12.25 billion USD), according to the Agency of BusinessRegistration under the Ministry of Planning and Investment.
The numbers were up 1.2 percent and capital rose 2.7 percent against the sametime last year.
Average registered capital for each business exceeded 10 billion VND (440,000 USD).The firms employed 225,389 workers, down 22.7 percent year-on-year.
The number of new firms was concentrated mainly in the wholesale, retail,automobiles and motorbike repairing sectors with 9,200 companies, 34 percent ofthe total.
There were 3,600 enterprises in construction, or 13 percent, and more than3,200 businesses in the manufacturing and processing industry, making up 12percent.
Of the registered capital, real estate attracted the most with 79 trillion VND(3.48 billion USD), more than 28 percent of total capital. The constructionsector came second with more than 42 trillion VND (1.85 billion USD) or 15percent, followed by the wholesale, retail, automobiles and motorbikesrepairing sectors with 38.5 trillion VND (1.69 billion USD) or 13.8 percent.
Also in the period, some 8,449 enterprises resumed operations while 8,115ceased operations or were awaiting dissolution and 3,321 others completeddissolution procedures.-VNA
Vietnam saw 126,859 new enterprises established with a total registered capital of 1,295.9 trillion VND (57 billion USD) in 2017, up 15.2 percent in number and 45.5 percent in capital year-on-year.
Up to 48.2 percent of the processing and manufacturing enterprises joining in a survey of the General Statistics Office (GSO) said business activities in the first quarter of 2018 will be better.
Nearly 18,703 new enterprises were formed in Vietnam in the first two months of this year, with a total registered capital of more than 197.3 trillion VND (8.66 billion USD).
As many as 8,082 enterprises were established in March with total registered capital of nearly 81.16 trillion (3.57 billion USD), reported the Ministry of Planning and Investment (MoPI).
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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.
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More than 26,700 enterprises were established in Vietnam in the first three months of the year. (Photo: VNA) 
