Over 218,500 enterprises established, resume operations in 11 months
More than 218,500 enterprises were established and resumed operations in Vietnam in the past 11 months of 2024, a year-on-year increase of 7.4%, according to the General Statistics Office (GSO).
In November alone, the country recorded nearly 11,200 new enterprises with total registered capital of VND138.6 trillion (US$5.46 billion). The figures represented a 21.3% decline in the number of firms, and a drop of 9.8% in capital compared to the previous month.
The average registered capital of a newly-established enterprise in the month reached VND12.4 billion, up 14.7% over the previous month and down 5.8% over the same period last year.
Meanwhile, more than 7,700 enterprises resumed their operations in November, down 10.9% from the previous month and up 17.4% year-on-year.
During the January-November period, the country saw over 147,200 new enterprises set up with total registered capital of over VND1.45 quadrillion, a reduction of 0.5% in the number of enterprises while the registered capital is relatively equal to that of the same period last year.
The average registered capital of a newly-established enterprise in the 11 months of 2024 reached VND9.9 billion , an increase of 0.5% compared to the same period in 2023.
In the reviewed period, nearly 71,300 enterprises resumed their operations, an increase of 28.5% over the same period in 2023.
On the opposite side, nearly 4,250 enterprises temporarily halted operations in November, a decline of 22.2% compared to the previous month and a drop of 5.9% year-on-year. About 7,550 companies ceased operations waiting dissolution procedures, up 39.2% month-on-month and up 14.4% year-on-year. Meanwhile, nearly 1,910 businesses completed dissolution procedures, down 3.9% month-on-month, and up 14.2% year-on-year.
Since the beginning of the year, more than 96,200 enterprises has temporarily suspended business, an increase of 12.6% over the same period last year.
Nearly 57,700 businesses stopped operating, waiting for dissolution procedures, an increase of 0.9% and nearly 19,300 businesses completed dissolution procedures, an increase of 19.8%. In the first 11 months of this year, the total number of businesses withdrawing from the market was 173,200 businesses, an increase of 9.1%.
