Some 87,448 new enterprises in Vietnam were established in the January-August period, with total registered capital of VND878.6 trillion ($37.7 billion), a year-on-year increase of 2.4 per cent in number and 6.9 per cent in capital, the Vietnam News Agency quoted the General Statistics Office (GSO) as reporting.
There were 11,655 enterprises established in August with total registered capital of VND107.6 trillion ($4.62 billion), up 3.5 per cent in number compared to July but down 11.9 per cent in capital.
Average registered capital of each new enterprise was VND10 billion ($430,000) in the first eight months, an increase of 4.3 per cent year-on-year.
From January to August there were 20,942 enterprises resuming operations, up 9.3 per cent year-on-year.
New enterprises employed 734,700 workers, a 10.7 per cent decline year-on-year.
By sector, wholesale, retail sales, and automobile repair and motorbikes saw the most new enterprises, with 29,600, or 33 per cent of the total. Following were the construction and manufacturing and processing sectors, with 11,500 and 10,900 new enterprises, respectively.
The GSO also reported that 63,235 businesses ceased operations during the first eight months, up 38.1 per cent year-on-year. The number of those completing dissolution procedures rose 17.8 per cent to 9,135.
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