April has most new enterprises in past year

Viet Nam’s newly-established enterprises in April rose 8.9 per cent month-on-month to 13,102 units, bringing the total number of newly-established enterprises in the first four months to 39,580. — Photo baochinhphu.vn

April had the highest number of newly-established enterprises in the past 12 months, according to the Ministry of Planning and Investment’s National Enterprise Information and Registration System.

These figures for the first four months marked an increase of 14 per cent in the number of enterprise and 48.9 per cent in capital.

During the four months, average registered capital per enterprise surged 30.6 per cent year-on-year to VND9.3 billion.

In the same period, existing enterprises registered an increase of VND455.7 trillion, bringing total registered capital of both existing and new enterprises to VND825.3 trillion.

The ministry said the number of newly-established enterprises surged 237.2 per cent in the information and communication sector; 66 per cent in the property trading sector; 30.4 per cent in the education and training sector; 16.2 per cent in the sector of science and technology, consulting, design services and advertisements; and 14 per cent in the sector of accommodation and catering services.

It reported 4,057 enterprises were dissolved in the four months, 7.9 per cent higher than the same period last year. Further, some 27,400 enterprises suspended operations, a year-on-year increase of 9 per cent. — VNS