Hanoi (VNA) – The number of newenterprises established in the first four months of 2021 rose 17.5 percent froma year earlier, the fastest growth since 2017, and it increased in all economicsectors, according to the General Statistics Office (GSO).

Between January and April, nearly 44,200 newfirms were set up with 627.7 trillion VND (27.2 billion USD) worth of capitaland 340,300 employees registered, up 17.5 percent, 41 percent, and 7.8 percent,respectively, from the same period last year.

The registered capital averaged 14.2 billion VNDper business, rising 20 percent year on year.

The total capital poured into the economy topped1.42 quadrillion VND in the first four months, including 792.9 trillion VND ofadditional capital from 14,900 existing businesses.

Besides, nearly 19,300 enterprises also resumedoperations, growing by 8 percent from a year earlier, the GSO reported.

In April alone, the number of newly establishedfirms approximated 14,900, registering 179.9 trillion VND worth of capital and94,600 employees. These figures respectively went up 33.1 percent, 59.1percent, and 30 percent from the previous month.

The registered capital averaged 12.1 billion VNDper business, rising 19.6 percent month on month and 1.7 percent year on year.

As many as 5,745 companies resumed operations inApril, up 50.8 percent year on year.

The GSO held that these are positive signs forenterprise development in the time ahead.

To create further momentum, Director of theGSO’s Industrial and Construction Statistics Department Pham Dinh Thuy said itis necessary to stimulate investment among export manufacturers so as to readygoods supply once global markets are reopened and to capitalise on chancesgenerated by free trade agreements, especially the one between Vietnam and theEU.

He also pointed out the need to swiftly developsupporting industries to ease the burden on the import of input materials.

Businesses expect the Government will investmore in the transport system to boost the connectivity between key productionareas and international ports of entry, develop the logistics network, set uptechnical centres to help companies meet export standards, and push ahead withstrongly improving the business climate, Thuy added./.