As many as 12,182 businesses were established in October, up 3 percent from the previous month, statistics show (Photo: VNA) Hanoi (VNA) - Vietnam saw 12,182businesses established in October, up 3 percent from the previous month, accordingto the General Statistics Office (GSO).
The office said the new enterprises had total registered capital of 143.6trillion VND (6.19 billion USD), an increase of 2.5 percent over September. Theyemployed 94,700 workers.
The average registered capital of a new enterprise in the month reached 11.8billion VND (509,188 USD), rising 0.5 percent over the same period last year.
There were 7,247 enterprises resuming operation, three times higher than thefigure of the previous month and up 109.9 percent year-on-year.
At the same time, 2,086 enterprises suspended their business, up 37 percentfrom September and 9 percent from a year earlier.
GSO data also revealed that the number of enterprises that stopped operatingand were awaiting dissolution procedures also increased sharply in October,totalling 5,012, up 84.5 percent from September and 98 percent from the samemonth last year.
In the first 10 months of 2019, the country saw 114,400 newly registeredenterprises with total registered capital of more than 1.4 quadrillion VND (61.8billion USD), employing more than 1 million workers, a year-on-year increase of4.4 percent in the number of enterprises, 28.5 percent in registered capital and11 percent in the number of employees, respectively.
The average registered capital of a newly established enterprise in the 10months reached 12.5 billion VND (539,283 USD), up 23.1 percent over the sameperiod last year. Calculating the additional 1.9 quadrillion VND (81.6billion USD) registered capital of 33,000 existing enterprises, totalregistered capital added to the economy in the first 10 months of 2019 was 3.3quadrillion VND (143.5 billion USD).
In the first 10 months, there were about 35,000 enterprises resumingoperations, a 25 percent rise over the same period in 2018./.
VNA
