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| Workers at the Knitting, Textile and Garment Huế- Việt Nam Ltd Co in central Thừa Thiên Huế Province's Phú bài Industrial Zone process products for export. — VNA/VNs Photo Danh Lam |
HA NOI (Biz Hub) — Some 64,000 enterprises were created in the first seven months of this year with a total registered capital of nearly VND497 trillion (US$22.36 billion), according to statistics from the General Statistics Office.
Newly-established firms rose by 23.3 per cent in number and 54.7 per cent in capital value year-on-year. The adjusted capital in the reviewed period posted VND894.9 trillion, raising the total registered and adjusted capital to 1,400 trillion.
More than 16,700 enterprises, which suspended their activities due to difficulties, have resumed operations, up 67.5 per cent from the same period last year. In July, the number of new firms exceeded 9,600 with a total registered capital of VND69.2 trillion, a slight decrease from June. More than 99,200 jobs were also created by the newly-established enterprises.
The number of businesses resuming operations exceeded 1,800 in July, while nearly 6,000 halted their operation and more than 900 firms completed procedures for dissolution or termination.
Director of the Central Institute for Economics Management Nguyen Dinh Cung said the average capital of a business in the period has still been small at VND7.7 billion each. Of which, the average capital of private firm was VND1.5 billion while that of joint stock company was VND1.3 billion.
"The improvement of businesses' competitiveness would not be easy as most of Vietnamese firms are small-and-medium sized enterprises," Cung said. — VNS