More than 96,600 new enterprises were founded in the first nine months of 2018 with a total registered capital of 963.4 trillion VND (41.3 billion USD), representing year-on-year rises of 2.8 percent and 6.7 percent, respectively.
Hanoi (VNA) - More than 96,600 newenterprises were founded in the first nine months of 2018 with a totalregistered capital of 963.4 trillion VND (41.3 billion USD), representingyear-on-year rises of 2.8 percent and 6.7 percent, respectively.
The average registered capital was 10 billion VND(428,000 USD) each firm, up by 3.8 percent, General Director of the GeneralStatistics Office (GSO) Nguyen Bich Lam said on September 28.
Together with more than 1.88 trillion VND worthof additional capital by exiting firms, a total of nearly 2,845.3 trillion VND waspoured into the economy in the first nine months of this year.
Besides, nearly 22,900 firms resumed operationin the period, up by 8.5 percent. However, the number of firms haltingoperations was alarming.
The GSO’s report about socio-economicdevelopment in the January-September period showed that more than 73,000 firmshalted operation, up by 48.1 percent over the same period last year. Togetherwith 11,500 companies that completed the procedures for dissolution in theperiod, most of the firms are those with capital of below 10 billion VND. Thismeant that on average 270 firms halted or stopped operations each day.
A GSO survey founded that firms in themanufacturing and processing industry have different views about the businessprospects in the remaining months of this year.
About 52 percent of the surveyed firms said thatthe trend would be positive while 35.8 percent saw the business would be stableand 11.7 percent forecast more difficult in the last quarter of this year.-VNA
A total of 11,027 businesses with combined registered capital of 104.8 trillion VND (4.61 billion USD) were established in May, according to the Business Registration Management Department under the Ministry of Industry and Trade.
A total of 80,500 workers were registered at newly-established businesses in May, down 24.5 percent year-on-year, according to the General Statistics Office (GSO).
Nearly 75,800 new enterprises were established nationwide in the first seven months of the year, with a total registered capital of 771 trillion VND, a year-on-year rise of 3.9 percent in the number of firms, and a 11.6-percent rise in terms of capital.
Some 87,448 new enterprises were established in the first eight months of the year, registering a total registered capital of 878.6 trillion VND (37.7 billion USD), a year-on-year increase of 2.4 percent in number of firms and 6.9 percent in capital, according to the General Statistics Office (GSO).
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Illustrative photo (Source: VNA) 
