Newly-established firms up on national economic recovery
VOV.VN - Vietnam saw over 15,400 new enterprises formed with a total registered capital of VND125.8 trillion in October, marking an increase of 21.7% in the number of firms and 7.4% in capital from September.
The country counted a total of 131,800 new firms during the initial 10 months of the year with combined capitalization of nearly VND1.21 quadrillion and 880,000 labourers, according to the General Statistics Office (GSO).
These figures represent increases of 4.7% in the number of firms and 5.4% in workforce, but a decrease of 12.1% in capital compared with the same period from last year, reported the GSO.
The average capital of new enterprises throughout the period stood at VND9.2 billion, down by 16.1% year on year.
The GSO stated that the number of enterprises returning to business was 51,900 during the January to October period, an annual decrease of 1.5%.
In contrast, 81,000 enterprises temporarily ceased operations, up 22.1%. In addition, another 50,700 were in the dissolution process, up 25.9%; and 14,700 completed dissolution procedures, down by 4.5%.
On average, 14,700 firms withdraw from the market each month.
In order to support business development moving forward, Deputy Minister of Industry and Trade Do Thang Hai recently requested competent agencies apply flexible and effective measures aimed at removing difficulties for business and production activities, especially in accordance with market trends, as well as green and sustainable exports.
Vietnam’s trade turnover in October reached US$61.62 billion, up 4.1% month on month and up 5.6% year on year. Statistics indicate that the 10-month import-export value hit US$557.95 billion, down 9.6% year on year. Businesses earned US$291.28 billion from exports, down 7.1%, and purchased US$266.67 billion worth of goods, down 12.3%, resulting in a trade surplus of US$24.61 billion.
