Nearly 11,000 new firms established in November

Monday, Nov 27, 2017 15:39

People conduct administrative procedures for business registration. — Photo

In November 2017, nearly 11,000 enterprises were established with a registered capital of VND109.9 trillion (US$4.8 billion), data of the Ministry of Planning and Investment revealed.

This was a decrease of 2.1 per cent in the number of newly-established businesses and 7.8 per cent in registered capital, as compared to the previous month.

Of these, the number of enterprises resuming their operation in November was 1,338, an increase of 0.7 per cent against October.

Overall, in the first 11 months of this year, the total number of newly-established enterprises and businesses returning to operation was 140,394, with a total registered capital of VND2.71 quadrillion.

The average registered capital for each business in the January – November period was VND9.8 billion, a year-on-year increase of 24.3 per cent, while the figure in November only was VND10.1 billion, down 5.8 per cent over the previous month.

The number of labourers in the newly-established enterprises was over one million people, down 8 per cent against the same period last year.

In the past 11 months, the number of enterprises concentrated mainly in the fields of wholesale, retail, automobiles and motorbikes repairing was 41,627, accounting for 35.9 per cent; the processing and manufacturing industry had 14,846 enterprises, accounting for 12.8 per cent; the construction sector had 14,695 enterprises, accounting for 12.7 per cent; and science, technology, consulting services, design and advertising had 8,663 new enterprises, equivalent to 7.5 per cent of the total number.

Regarding registered capital, from January to November, the real estate sector had the highest registered capital of over VND314 trillion, accounting for 27.8 per cent, followed by wholesale, retail, automobiles and motorbikes repairing, worth more than VND182 trillion, accounting for 16.1 per cent, while the construction sector had a registered capital of VND155.3 trillion, accounting for 13.7 per cent. — VNS

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