More than 18,000 new businesses were established in the first two months of 2021 — Photo VNA

More than 18,000 new businesses were established in the first two months of 2021, a year-on-year decline of 4 per cent, according to the Ministry of Planning and Investment.

The number of employees registered by the newly-established enterprises rose 9.7 per cent to 173,000.

The months saw an addition of VND720.4 trillion (US$32.24 billion) in total registered capital, up 12.4 per cent. The average level in registered capital per enterprise surged 46.4 per cent to reach VND18.5 billion in the period.

About 11,030 enterprises resumed operations in the first two months, down 7.6 per cent while 33,611 others were dissolved, up 18.6 per cent.

In February alone, as many as 8,038 new businesses were set up with a combined registered capital of nearly VND179.74 trillion.

The number of new firms represented a year-on-year drop of 12.3 per cent while the amount of capital surged 85.6 per cent.

The number of workers registered by these businesses reached almost 57,000, down 22.1 per cent. — VNS