About 51,600 new enterprises with a total registered capital of nearly VNĐ508 trillion began operations in the first four months of this year, an increase of 3.4 per cent in the number of enterprises and 9.3 per cent in the capital, according to the General Statistics Office (GSO).

These new businesses registered a total of 353,800 workers, a growth of 6.8 per cent over the same period last year.

The average registered capital of a new enterprise in the first four months of 2024 rose by 5.7 per cent year on year to VNĐ9.9 billion.

In April, Việt Nam had more than 15,300 newly established enterprises with a registered capital of VNĐ175.8 trillion, up by 8.4 per cent in number of businesses and 55 per cent in registered capital month on month. The average registered capital of a new enterprise in April stood at VNĐ11.5 billion, up 42.9 per cent over the previous month.

In addition, 8,307 businesses returned to operation in April, an increase of 175.1 per cent over the previous month.

Along with VNĐ533.4 trillion from increasing capital of 14,143 existing enterprises, the total registered capital poured into the economy in the first four months was more than VNĐ1 quadrillion, down 2.6 per cent compared to with the same period last year.

GSO also said that about 29,700 businesses resumed their operation in the first four months, an increase of 2.4 per cent over the same period in 2023, bringing the total number of newly established businesses and businesses returning to operation during the four months to 81,300 units, an increase of 3 per cent over the same period last year.

Meanwhile, in the first four months, the number of enterprises temporarily suspending operation was 60,900, an increase of 21.9 per cent over the same period last year. About 19,100 businesses stopped their operation to wait for dissolution procedures, down 9 per cent, and 6,400 businesses completed dissolution procedures, an increase of 4.9 per cent.

Of which, 7,618 businesses registered in April to temporarily suspend business, an increase of 84.1 per cent compared to the previous month. About 4,656 businesses stopped operation to wait for dissolution procedures, down 6.5 per cent. — VNS