More than 109,600 new firms established in ten months
Up to 109,611 new enterprises were formed in the first 10 months of this year, with total capital of more than VND1.11 quadrillion (US$48.1 billion).
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The figures marked a year-on-year increase of 4.3% in the number of businesses and 9.2% in capital, according to the General Statistics Office under the Ministry of Planning and Investment.
In October alone, 13,000 firms were founded with accumulated capital of VND152.5 trillion (US$6.5 billion).
During the January-October period, the average capital for an enterprise reached VND10.2 billion (US$438,600), up 4.7% over the same period last year.
In addition, 27,935 firms resumed operations, up 22.7% year-on-year, raising the total number of new and resumed enterprises to 137,500.
