English
Vietnam records 5-year high of newly established enterprises
This resulted in an increase of 3.2% in the number of enterprises and 29.6% rise in registered capital year-on-year. Average registered capital per newly-established enterprise reached VND12.4 billion (US$537,000), up 25.6% year-on-year. If including VND987.4 trillion (US$42.12 billion) of additional capital pumped by operational enterprises, the total registered capital added to the economy in the first five months of 2019 was VND1,657.1 trillion (US$70.69 billion). In May, the number of newly-established enterprises reached 10,700, with registered capital of VND127.3 trillion (US$5.43 billion), down 28% in quantity and 23.8% in registered capital month-on-month, respectively.
Most of the newly-established enterprises in the January – May period are in the fields of services with 38,524 (accounting for 71.3%); industrial and construction sectors with 14,722 (27.3%), agriculture-fishery-forestry with 752 (1.4%).
Besides, 19,600 enterprises resumed operation, a rise of 48.1% against the similar period last year, bringing the total number of newly-registered and revived enterprises in the five-month period to nearly 73,600.
Total number of laborers of newly-established enterprises in the January – May period was 537,200, an increase of 30.2% against the same period last year, according to the government-run agency.
The number of enterprises temporarily ceasing operation in the period was 19,100, up 19.4% year-on-year. Moreover, the number of enterprises which finished the procedures for bankruptcy in the first five months of this year was 6,371, an increase of 15.1% from the same period last year, of which there were 5,755 enterprises with capital base of less than VND10 billion (US$429,380), accounting for 90.3% and growing by 13.7%.