Over 12,400 new firms set up in August

Illustrative Image (Source: VNA)

Hanoi (VNA) – As many as 12,404 new enterprises were set up in August with total
capital of 131 trillion VND (5.76 billion USD), up 6.2 percent in volume and 39
percent in value, reported the General Statistics Office (GSO).

In the first eight
months of this year, 85,357 firms were established with combined capital of 822
trillion VND (36.16 billion USD), up 16 percent and 44.8 percent over the same
period last year, respectively.

Total capital pumped into
the economy in the period was 1,930 trillion VND (84.92 billion USD), including
1,108 trillion VND added to nearly 24,700 existing firms.

The GSO revealed that
19,154 enterprises resumed their operation, an increase of 2.4 percent year on

Wholesale and retail
sector drew the largest new businesses with 30,700 firms, followed by construction
sector with 11,000 enterprises and processing-manufacturing sector, 11,000

In eight months, the northern
midland and mountainous regions saw the highest rise in new firms, with 3,700
enterprises, up 31.8 percent, and the Central Highlands region, with 2,200
firms, a rise of 25.4 percent.

The GSO also reported
that the number of dissolved enterprises in eight months were 7,754, an increase
of 3.7 percent year on year, including 7,146 firms with capital of 10 billion
VND, accounting for 92.2 percent.

At the same time, 45,776
firms halted their operation, a rise of 13.3 percent, including 28,545 enterprises
waiting for dissolving.-VNA

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