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Drop recorded in new business

Update: September, 27/2017 - 09:00
People conducting administrative procedures for business registration. — Photo viettimes.vn
Viet Nam News

HÀ NỘI — A total of 8,600 new enterprises with total registered capital of nearly VNĐ80.5 trillion (US$3.54 billion) were established in September, according to the Ministry of Planning and Investment.

The registered capital dropped 39 per cent compared with the previous month, while the number of newly established enterprises declined by 31 per cent.

The ministry said the sharp decreases both in the number of new firms and registered capital were because September fell in July according to the lunar calendar, which is considered a “Ghost Month”, making people hesitate to establish a new firm.

However, in the first nine months of the year, the country had some 94,000 new firms with total registered capital of more than VNĐ900 trillion. The figures posted 15.4 per cent and 43.5 per cent year-on-year increases in terms of business number and amount of registered capital.

Average registered capital was VNĐ9.6 billion for each business in the January-September period, down 11.4 per cent from the same period last year.

The number of labourers in the newly established companies in the period was 886,453, posting 4.5 per cent year-on-year decrease.The ministry also reported that in the first nine months of the year, some 30,846 firms dissolved or ceased operations.

More than 21,100 enterprises also resumed their operation in the first nine months of the year.

One-member limited companies had the highest number with over 53,000 firms, accounting for 56 per cent of the total number of newly-established enterprises in the nine-month period. However, one-member limited companies accounted for 33 per cent of total registered capital of the new firms, with an average registered capital of VNĐ5.6 billion each, VNĐ4 billion lower than the average capital of all business types.

Two-member limited companies took the second position with some 22,000 firms accounting for 20 per cent of the total. Their average registered capital was VNĐ8 billion each.

Average registered capital of newly-established joint stock companies was highest with VNĐ27 billion per firm.

The East Southern and Red River Delta regions had the highest number of new companies with 39,600 and 28.400 firms, respectively.

Registered capital of new enterprises surges in HCM City

More than 29,900 enterprises were established with total registered capital of nearly VNÐ396.5 trillion (US$17.44 billion) in HCM City in the first nine months of the year, according to the city’s People’s Committee.

This was an increase of 13 per cent in the number of newly established businesses and 84.5 per cent in registered capital, with most of the new businesses located mainly in Districts 1, Tân Bình, Gò Vấp, Bình Thạnh and Bình Tân.

In addition, more than 44,000 operating companies have pledged an additional registered capital of VNÐ218.3 billion, up 11.2 per cent and 49.6 per cent, respectively, compared to the same period last year.

Overall, the total registered capital of new and operating companies in HCM City in the first nine months was VNÐ614.8 billion, a year-on-year increase of 70.4 per cent.

Real-estate service and trading companies had the largest registered capital with more than VNÐ156.6 trillion, accounting for 39.5 per cent of the city’s total, representing an increase of nearly 75 per cent year-on-year.

Auto and motorbike repair and sales companies made up 16.2 per cent with over VNÐ64.3 trillion, up 66.6 per cent, and construction had over VNÐ52.8 trillion, a twofold increase over the same period last year.

Notably, the science and technology, design consultancy and marketing sectors saw over VNÐ29.5 trillion registered capital in the period, a two-fold year-on year increase.

The city, which targets having 500,000 operating enterprises by 2020, is assisting and encouraging business households to become official enterprises.

Nearly 1,400 business households are now official enterprises. — VNS

 

 

 

 

 

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