Nearly 11,000 new firms set up in April
As many as 10,954 enterprises were formed in April with total registered capital of VND62.2 trillion (over US$2.7 billion), according to the General Statistics Office (GSO).
The number of newly-established businesses increased by 19.2% year-on-year, while the total amount of registered capital jumped 21.3% against the same period last year.
In the first four months of this year, 34,721 new enterprises were established with total capital of VND248.2 trillion, a year-on-year rises of 22.9% and 52.8%, respectively.
During the reviewed period, each new company had an average investment of VND7.1 billion, up 24.2% over the same period last year. The new firms are expected to employ 427,200 people.
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A total of VND801.5 trillion was added to the country’s economy.
According to the GSO, 25,135 enterprises stopped operations from January to April, meanwhile, 11,331 enterprises resumed operations.Experts of the GSO attributed the strong increase in business numbers to more open State policies on administrative procedures.
They said that despite the high number of newly-established businesses and the strong volume of new capital added to the country’s economy, the number of jobs created in the first four months reached 472,200, or a reduction of 0.2% over the same period last year.
The GSO also announced that VND9.59 trillion in State revenue in the first four months of the year was collected from personal income tax, an increase of VND1.3 trillion compared to the same period last year.
The number indicated that the personal income had improved.State revenue collected from non-governmental and foreign direct investment companies totalled VND17.4 trillion and VND17.6 trillion, a year-on-year rise of 30.5% and 16.5%, respectively.
