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Over 60,000 enterprises established, resume operations during Jan-Apr

Nearly 60,800 enterprises registered for establishment or returned to operations in the first four months of 2019, according to the latest data from the General Statistics Office of Vietnam.

Accordingly, in April, there were 14,854 newly established enterprises with registered capital of VND167 trillion (US$7.1 billion), up 19% in number and 30.3% in registered capital compared with the previous month. The average registered capital of an enterprise reached VND11.2 billion (US$482,000), up 27.3%.

new enterprise, General Statistics Office, latest data, registered capital, economic development

Most sectors witnessed an increase in the number of newly-established businesses in the first four months of 2019 compared to the same period last year.

Also in the month, 2,714 enterprises resumed operations, down 44.4% over the previous month, while 2,495 registered to suspend their business operations for a definite time, up 81.7%, 1,904 enterprises ceased operations to wait for dissolution procedures, up 1.2%, plus 1,189 others completed dissolution procedures, up 23.9%.

For the first four months this year, there were 43,305 newly established enterprises with a total registered capital of VND542.4 trillion, increasing by 4.9% in number of enterprises and up 31.7% in capital compared to the same period in 2018.

The average registered capital of a newly established enterprise reached VND12.5 billion, an increase of 25%. If including VND872 trillion of additional registered capital by enterprises changing capital, the total additional registered capital to the economy in the period was up to over VND1.4 quadrillion.

There were 17,463 enterprises returning to operations in that period, up 52.6% compared to the same period last year, bringing the total number of newly registered enterprises and those returning to operations in the first four months this year up to nearly 60,800.

Meanwhile, the number of enterprises suspending their business for a definite period during Jan-Apr was 16,984, an increase of 19.7% over the same period last year. There were also 5,305 enterprises completing dissolution procedures, up 12.9%, of which 4,793 had capital below VND10 billion, up 11 6%.

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Source: NDO

new enterprise, General Statistics Office, latest data, registered capital, economic development
 
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