Over 87,000 enterprises established in first eight months

Thursday, 2018-08-30 10:49:45
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The new companies were expected to create 734,000 jobs.
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NDO - Vietnam saw the establishment of 87,448 new enterprises in the first eight months of 2018, with a total capital of more than VND878 trillion (US$37.8 billion), up 2.4% in the number of enterprises and 6.9% in capital.

These new companies were expected to create 734,000 jobs, down 10% against the same period in 2017.

The total capital poured into the Vietnamese economy would be VND2.5 quadrillion (US$107.5 billion), if an additional VND1.6 quadrillion that has been pledged by existing enterprises were taken into account.

The first eight months of 2018 also saw 20,942 enterprises return to business, up 9.3% compared with the same period last year.

Meanwhile, the number of enterprises completing dissolution procedures in the past eight months was 9,135, of which more than 91% have a capital size of less than VND10 billion (US$430,000).