Some 13,200 firms established in July

Friday, Jul 31, 2020 10:33

The average registered capital of a newly established enterprise last month reached VND18.1 billion, a sharp increase of 78.8 per cent over the previous month. — Photo

Nearly 13,200 enterprises were established in July, down by 3.8 per cent compared to the previous month.

However, the registered capital of the new firms in the market last month increased by 72 per cent, showing the benefits of business support policies and efforts to revive the economy from the impacts of the COVID-19 pandemic.

The General Statistics Office (GSO) on Wednesday said the country’s newly established enterprises had registered capital of more than VND239 trillion (US$10.3 billion) and more than 91,000 employees, down 3.8 per cent in the number of businesses and up 72 per cent in registered capital.

The average registered capital of a newly established enterprise last month hit VND18.1 billion, a sharp increase of 78.8 per cent from the previous month and an increase of 60.9 per cent over the same period in 2019.

Also in July, the country had 4,839 enterprises resuming operations, up 79.9 per cent over the same period last year.

However, 3,400 enterprises registered to suspend their business. More than 3,000 firms stopped operations and are awaiting dissolution procedures and 1,504 enterprises completed dissolution procedures.

In the first seven months of this year, the country had more than 75,200 newly registered enterprises, a 5 per cent decrease compared to the same period last year. Notably, there were more than 28,500 enterprises resuming operations, an increase of 18 per cent.

The number of enterprises that suspended operations decreased by 12 per cent, while 3.5 per cent fewer enterprises completed dissolution procedures. The businesses were mainly in the fields of wholesale, retail, repair of cars and motorcycles, manufacturing and processing industry, construction, real estate, accommodation and food services.

On average, there were 14,800 new businesses established and re-operated every month.

The GSO said COVID-19's spread across the world had continued to harm Viet Nam's import and export activities. Total import-export turnover in January-July was estimated at US$285 billion, down 1.3 per cent over the corresponding period last year. Of which, exports reached $145.7 billion, up slightly by 0.2 per cent while imports were $139.3 billion, down 2.9 per cent. The country reported a trade surplus of $6.5 billion in the period. — VNS

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