Number of new enterprises surges 28.1 percent in 11 months

Thien Thanh Sanitaryware joint company

Number of new enterprises surges 28.1 percent in 11 months


Hanoi (VNA) – More than 86,800 new enterprises were registered in 11 months ending in November, a 28.1 percent year-on-year increase, according to the General Statistics Office of Vietnam.

The new enterprises registered total capital of 538.7 trillion VND (23.9 billion USD), hiking up 37.7 percent compared to the same time last year. In addition, operational enterprises pumped an additional 742 trillion VND (33 billion USD) into their activities in the period.

As a result, more than 1.3 million jobs were created, up 32.9 percent against the same period in 2014.

November saw the establishment of over 9,300 enterprises with total registered capital of 52.6 trillion VND (2.3 billion USD), posing a 19.9 percent increase in number and 35.5 percent rise in capital from October.

The Office also reported that 18,646 enterprises resumed their operation in 11 months, 31.2 percent higher than last year’s figure, said to be spurred by economic recovery and Government’s efforts to improve business climate and support firms to overcome difficulties.

Meanwhile, some 62,713 companies were dissolved or suspended operation during January- November, up 21.4 percent from last year. The figure for November was 4,768 firms.-VNA