Today: 29/09/2023 20:30:43 (GMT+7)

Number of newly-registered businesses down 18.3% in February

Vietnam saw 8,841 new enterprises registering a combined capital of 65.6 trillion VND (2.76 billion USD) and nearly 51,100 labourers in February, according to the General Statistics Office.

The figures represent month-on-month decreases of 18.5% in the number of enterprises, 33.8% in capital, and 25.6% in the number of employees; and a year-on-year rise of 21.4% in the number of enterprises; and y-o-y decreases of 23.1% in capital, and 29.6% in the number of labourers.

Number of newly-registered businesses, new enterprises, combined capital, month-on-month decreases, number of labourers, resumed operations

A woman conducts procedures at a business registration unit.

Therefore, in the first two months of this year, 19,700 businesses with a combined registered capital of 164.7 trillion VND and 119,600 labourers were set up across the country. The figures represented y-o-y decreases of 3%, 40.7% and 20.1%, respectively.

In addition, 3,927 firms resumed operations in the month, down 73.8% m-o-m, and 3.5% y-o-y, bringing the total number in the first two months to 18,200, down 18.6% y-o-y.

On the opposite side, during January-February, 38,800 businesses temporarily ceased operations, a year-on-year rise of 18.5%, while 9,400 were in the dissolution process, up 5.8%, and 3,200 completed dissolution procedures, down 1.6%.

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Number of newly-established enterprises hits record high in H1 2022
The number of newly established enterprises hit record high in the first half of 2022 to 76,233, an increase of 13.6% compared to the same period last year. Of note, since the start of the year, 40,667 firms have resumed operations
Newly-established businesses in H1 exceed 70,000 for first time
There were 76,233 newly-registered enterprises in the first six months of this year, an increase of 13.6 per cent compared to the same period last year.

Source: NDO

Number of newly-registered businesses, new enterprises, combined capital, month-on-month decreases, number of labourers, resumed operations
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