Nearly 11,000 new firms established in November

This was a decrease of 2.1% in the number of newly-established businesses and 7.8% in registered capital, as compared to the previous month.

Of these, the number of enterprises resuming their operation in November was 1,338, an increase of 0.7% against October.

Overall, in the first 11 months of this year, the total number of newly-established enterprises and businesses returning to operation was 140,394, with a total registered capital of VND2.71 quadrillion.

The average registered capital for each business in the January – November period was VND9.8 billion, a year-on-year increase of 24.3%, while the figure in November only was VND10.1 billion, down 5.8% over the previous month.

The number of labourers in the newly-established enterprises was over one million people, down 8% against the same period last year.

In the past 11 months, the number of enterprises concentrated mainly in the fields of wholesale, retail, automobiles and motorbikes repairing was 41,627, accounting for 35.9%; the processing and manufacturing industry had 14,846 enterprises, making up 12.8%; the construction sector had 14,695 enterprises, or 12.7%; and science, technology, consulting services, design and advertising had 8,663 new enterprises, equivalent to 7.5% of the total number.

Regarding registered capital, from January to November, the real estate sector had the highest registered capital of over 314 trillion VND, accounting for 27.8 percent, followed by wholesale, retail, automobiles and motorbikes repairing, worth more than 182 trillion VND, accounting for 16.1 percent, while the construction sector had a registered capital of 155.3 trillion VND, making up 13.7 percent.