Newly established firms increase in first four months

May 02, 2024 - 13:42

About 51,600 new enterprises with a total registered capital of nearly VNĐ508 trillion began operations in the first four months of this year.

In April, Việt Nam had more than 15,300 newly established enterprises with a registered capital of VNĐ175.8 trillion. — VNA/VNS Photo

HÀ NỘI — About 51,600 new enterprises with a total registered capital of nearly VNĐ508 trillion began operations in the first four months of this year, an increase of 3.4 per cent in the number of enterprises and 9.3 per cent in the capital, according to the General Statistics Office (GSO).

These new businesses registered a total of 353,800 workers, a growth of 6.8 per cent over the same period last year.

The average registered capital of a new enterprise in the first four months of 2024 rose by 5.7 per cent year on year to VNĐ9.9 billion.

In April, Việt Nam had more than 15,300 newly established enterprises with a registered capital of VNĐ175.8 trillion, up by 8.4 per cent in number of businesses and 55 per cent in registered capital month on month. The average registered capital of a new enterprise in April stood at VNĐ11.5 billion, up 42.9 per cent over the previous month.

In addition, 8,307 businesses returned to operation in April, an increase of 175.1 per cent over the previous month.

Along with VNĐ533.4 trillion from increasing capital of 14,143 existing enterprises, the total registered capital poured into the economy in the first four months was more than VNĐ1 quadrillion, down 2.6 per cent compared to with the same period last year.

GSO also said that about 29,700 businesses resumed their operation in the first four months, an increase of 2.4 per cent over the same period in 2023, bringing the total number of newly established businesses and businesses returning to operation during the four months to 81,300 units, an increase of 3 per cent over the same period last year.

Meanwhile, in the first four months, the number of enterprises temporarily suspending operation was 60,900, an increase of 21.9 per cent over the same period last year. About 19,100 businesses stopped their operation to wait for dissolution procedures, down 9 per cent, and 6,400 businesses completed dissolution procedures, an increase of 4.9 per cent.

Of which, 7,618 businesses registered in April to temporarily suspend business, an increase of 84.1 per cent compared to the previous month. About 4,656 businesses stopped operation to wait for dissolution procedures, down 6.5 per cent. — VNS

Tags newly-established firms Việt Nam capital

Newly established firms up in 10 months

The country counted 125,800 new firms in the first ten months of this year with combined investments of over VNĐ1.37 quadrillion and 835,000 labourers, according to the General Statistics Office (GSO).

Economy

Newly established firms jump by recond in first eight months

Totally, 101.325 new firms were established with a total registered capital of over VNĐ1.13 quadrillion in the first months of this year, surging 24.4 per cent in the number of enterprises and 0.3 per cent in registered capital on year.

Economy

Newly-established businesses in H1 exceed 70,000 for first time

There were 76,233 newly-registered enterprises in the first six months of this year, an increase of 13.6 per cent compared to the same period last year.

ADB raises growth forecast for Việt Nam to 6.6 per cent in 2025

Economy

The first and most modern logistics park in Việt Nam is inaugurated

Economy

Food industry exhibition opens in HCM City

Economy

Việt Nam to spend US$1.7 billion on meat imports

Economy

Banks allowed to extend debt repayment for Typhoon Yagi-affected customers to 2027

Economy

Indonesia boosts trade cooperation with EU

More on this story

Economy

Interest rates to rise but not have major impact on stock market: economist

Deposit interest rates in Việt Nam, which have plunged since early-2023, are expected to rebound by 50-100 basis points by the end of the year, but that magnitude of increase is not likely to have a major impact on the stock market, according to Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital.

Economy

Outstanding margin loans reach record high amidst strong equity growth

Statistics indicate that outstanding margin loans at securities companies are projected to increase by VNĐ23 trillion (US$903.7 million) compared to the end of 2023.

Economy

City to host Southeast Asia’s 1st international exhibition on nonwoven, hygiene fabrics

GENTEXH Vietnam, a global exhibition on nonwoven and hygiene fabric products and technologies, will be held for the first time in Việt Nam next year to provide participants with networking, knowledge sharing and business opportunities.

Economy

Difficulties faced in negotiations of power purchase agreements: EVN

In the event Vietnam Electricity (EVN) and investors fail to produce a consensus, the prices will be determined by the Ministry of Industry and Trade with consideration given to fair competition for other sources of electricity.

Economy

An Giang bosters border economy

Under a project to develop the province’s border trade by 2025 with a vision to 2030, border trade is envisaged to become an important locomotive for the local economic growth, making An Giang become a key transhipment centre of the Mekong Delta region and the whole country.