Firms with resumed operations rise sharply in eight months
Businesses have put more confidence in Vietnam’s economic prospect, many economists said, pointing to the surge in the newly registered capital and the number of companies resuming operations between January and August.
The General Statistics Office said 73,404 new enterprises with a registered capital of VND567.9 trillion (US$25.46 billion) were set up during the eight months, up 19.7% and 50.9% from a year earlier, respectively. The capital per company averaged VND7.7 billion (US$345,270).
As many as 18,711 firms, which suspended their activities due to difficulties, have resumed operations during the period, rising by 65.1% year on year.
 |
| The newly registered capital and the number of companies resuming operations surged between January and August |
The increase of new firms was recorded in almost all sectors over the eight months, such as real estate (up 101.3% in company number and 268.4% in registered capital), mining (8.8% and 247%), and information and communications (15.2% and 183%).
Meanwhile, Vietnamese enterprises registered to add VND1.024 quadrillion (US$45.9 billon) to their existing capital in the first eight months.
However, the number of new enterprises in August (9,282) declined 3.5% from July as August coincided with the seventh lunar month, traditionally called the Ghost Month which hampered people’s intention to establish new companies.
While 7,479 companies were dissolved, 40,419 others suspended their operations in eight months, up 18.9% and 3.5% from the same period last year, the statistics office added.
