Q1 witnesses high increase in number of newly-established enterprises

Saturday, 2019-03-30 11:48:44
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There were 28.451 newly-registered enterprises with a total capital of VND375.5 trillion for the first quarter of 2019. (Photo: NDO/Trinh Binh)
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NDO – The first quarter of 2019 saw a peak in the number of newly-registered enterprises and those returning to operations, according to the latest data from the General Statistics Office of Vietnam (GSO).

Accordingly, in March, the country saw 12,472 newly-established enterprises with a registered capital of VND128.1 trillion (over US$5.5 billion), an increase of 111.4% in number and 33.1% in the registered capital compared to the previous month. The total number of registered workers of newly-established enterprises was at 153,700, up 174.1%.

Also in March, there were 4,877 enterprises returning to operations, increasing 179.2% compared to February, while 1,373 registered to suspend business for a definite time, down 51.4%.

For the first quarter of 2019, there were 28.451 newly-registered enterprises with a total capital of VND375.5 trillion (over US$16.1 billion), up 6.2% in number of enterprises and 34.8% in terms of registered capital against the same period in 2018. The average registered capital of a newly-established enterprise was at VND13.2 billion, an increase of 26.9%.

In Q1, over 15,000 enterprises have returned to operations, up 78.1% compared to the same period last year, bringing the total number of newly-registered enterprises and those returning to operations in Q1 2019 up to more than 43,500 businesses. The total number of registered employees of the newly-established enterprises in the quarter was at 317,600 people, up 40.9% year-on-year.

Meanwhile, results from surveying the business trend of processing and manufacturing enterprises in the first quarter of 2019 showed that the majority reported stable production and business operations, and were optimistic about better operations in the second quarter.