New Vietnamese startups on the rise
(VOV) -The number of new business startups in the three months leading up to April jumped by 3.8% compared to the same period last year to 19,049, according to the Ministry of Planning and Investment (MPI).
The companies listed startup capital of VND111,218 billion on their registration forms, which is a reported increase of 13.5% compared to a year earlier.
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For the three month period, another 4,741 companies reported supplementary capital of VND172,918 billion in total.
If these businesses turn out to be successful they would hypothetically add 265,167 new jobs to the economy. During the same period, the MPI said another 2,565 businesses were dissolved while 16,175 other either stopped or temporarily ceased operations.