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Almost 77,000 new enterprises operative in 1H

Released at: 17:24, 28/06/2017

Almost 77,000 new enterprises operative in 1H

Illustrative image (Source: baodautu.vn)

Numbers up 12.4% and capital up 39.4% year-on-year in first half.

by Nhi Linh

There were 61,276 newly-established enterprises in Vietnam in the first half of this year with total capital of VND596.196 trillion ($26.22 billion), according to the Ministry of Planning and Investment (MPI).

Numbers were up 12.4 per cent year-on-year while capital was up 39.4 per cent. Average capital was VND9.7 billion ($42,600), a 24.3 per cent increase year-on-year.

There were also 18,100 enterprises adding capital in the first half, totaling VND859.186 trillion ($37.7 billion), for new and additional capital of some VND1,455 trillion ($64 billion).

MPI’s figures also reveal that the number of newly-established enterprises and capital grew each year in the first half from 2013 to 2017. The number of newly-established enterprises in the first half of 2017 increased 1.5-fold compared to the first half of 2013. Registered capital and average capital in the first half of this year rose three-fold and 1.8-fold, respectively, compared to the first half of 2013.

Most sectors saw newly-established enterprises in the first half. There were almost 2,280 in real estate, up 68.3 per cent year-on-year, 679 in banking, finance and insurance, up 37.2 per cent, and 318 in healthcare and social assistance, up 30.9 per cent.

In education and training, 1,597 enterprises were newly-established, an increase of 30.4 per cent, and in electricity, water, and gas production 442, a 23.1 per cent increase.

Some 15,380 enterprises also returned to operations in the first half after temporarily suspending operations, up 3.2 per cent. There were also, however, 14,377 enterprises temporarily suspending operations in the first half, an increase of 17.8 per cent year-on-year. The number of enterprises ceasing business or waiting for dissolution was 23,530, up 24.4 per cent year-on-year.

Of these, 5,443 enterprises completed procedures for dissolution, down 1.2 per cent.

Some 91.5 per cent of enterprises ceasing operations or temporarily suspending operations had registered capital of less than VND10 billion ($439,800), up 23.1 per cent.

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