Huge jump in number of companies being set up in Vietnam in the first four months of 2019,
A total of 43,305 new companies with registered capital of USD 32.32 billion (VND 542.4 trillion) were established, up 4.9 percent in the number of firms and 31.7 percent in capital.
According to Vietnam’s General Statistics Offices (GSO), average registered capital of a firm was USD 537.5 million (VND 12.5 billion), a rise of 25 percent over the same period last year.
The total number of employees working in the new companies is 440,100, a year on year increase of 35.2 percent.
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The registered capital of new companies helped raise the total new investment poured into the economy in the period to 60.8 billion USD (VND 1.41 trillion), which included USD 37.49 billion (VND 872 trillion) added into the operating companies.
Up to 17,463 companies resumed their operations in the period, up 52.6 percent against the same period 2018, raising the total number of operating firms to nearly 60,800.