Over 14,500 new firms established in April

As many as 14,510 businesses were formed in April nationwide, representing a rise of 80 percent month-on-month, reported the General Statistics Office.

over 14,500 new firms established in april hinh 0
A clean egg processing line in Vietnam
The latest addition has brought the number of newly-established firms in the first four months of this year to nearly 41,300, up 4.3% against the same period of the previous year. 

The average registered capital of each firm in the four-month period saw a slight rise of 6.8% at VND10 billion (US$440,000).

The newly-established enterprises mostly focus on sectors such as wholesale and retail, with over 14,000 firms, followed by construction (5,700), manufacturing and processing (5,100) and science-technology-consultancy-design-advertisement and other (with 3,200).

The number of workers in the newly-established enterprises in the four-month period was 332,000, a yearly decline of 21.7%.

From January to April, 4,700 firms completed dissolution procedures, while almost 26,300 enterprises halted their operations and more than 52,700 businesses resumed their activities.


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