Large number of enterprises resume operations

October also saw the establishment of more than 12,000 enterprises with total registered capital of VND143.6 trillion and 94,700 registered workers, up 3.4% in terms of number of enterprises, up 2.5% in terms of registered capital and down 3% in terms of number of workers compared to September 2019.

In the January-October period, 114,400 enterprises registered for establishment, up 4.4% over the same period last year, and 34,900 enterprises returned to their operations, up 24.8% over the same period in 2018.

The average registered capital of a newly established enterprise reached VND12.5 billion in the first 10 months of 2019, an increase of 23.1% compared to the same period last year.

In the first 10 months of 2019, 1,700 newly established enterprises registered to operate in the agricultural, forestry and aquatic sector, accounting for 1.5% of the total number of newly set up enterprises.

Meanwhile, 30,700 enterprises specialise in the industrial and construction sector, accounting for 26.8%, and 82,000 enterprises operate in the service sector, occupying 71.7% of the total number of newly established enterprises.

(Source: NDO)