Number of newly-established enterprises rises 111.2% in October

VOV.VN - Business registration in October enjoyed a vast improvement over the previous month with the number of newly-established enterprises up by 111.2% compared to the figure from September, according to the General Statistics Office.

The country witnessed approximately 8,233 new enterprises in October this year, with a total registered capital of VND108,600 billion, along with 58,800 registered employees.

The average registered capital per new enterprise stands at VND13.2 billion, a drop of 17.6% from the previous month and a fall of 2.8% over last year's same period.

The past ten months saw roughly 93,700 enterprises set up, with total registered capital of roughly VND1,304,400 billion and a total of 707,700 registered employees

The average registered capital per enterprise during this period reached US$13.9 billion, a decline of 2.9% over the  corresponding period from 2020.

Furthermore,  As many as 35,300 businesses resumed operations, bringing the total of newly-established enterprises and firms returning to operation to 129,000, a fall of 13.3% over the same period from last year.

Despite this, a total of  48,500 enterprises register to temporarily suspend their operations during the reviewed period, up by 16%, with 35,000 enterprises halting operations and waiting for dissolution procedures, an increase of 15.7%. In addition, a total of 13,600 enterprises finalized dissolution procedures, up 0.8%. On average, 9,700 businesses leave the market every month. 

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Vietnam expects 710,000 newly-established enterprises in next five years
Vietnam expects 710,000 newly-established enterprises in next five years

The Ministry of Planning and Investment (MPI) has coordinated with relevant ministries, sectors, agencies and localities to build a draft resolution on supporting and developing businesses in the 2021-2025 period, with a target of about 710,000 newly-established enterprises in the period.

Vietnam expects 710,000 newly-established enterprises in next five years

Vietnam expects 710,000 newly-established enterprises in next five years

The Ministry of Planning and Investment (MPI) has coordinated with relevant ministries, sectors, agencies and localities to build a draft resolution on supporting and developing businesses in the 2021-2025 period, with a target of about 710,000 newly-established enterprises in the period.