Nearly 10,000 new firms established in November

01-Dec-2016 Intellasia | VNA | 6:00 AM Print This Post

As many as 9,918 enterprises with total registered capital of 87.1 trillion VND (3.83 billion USD) were established nationwide in November, according to the Department of Business Development under the Ministry of Industry and Trade on November 28.

The figures represent a fall of 3.8 percent in volume and an increase of 6.8 percent in value compared with the previous month.

They push the number of newly-established enterprises in the first 11 months of this year to 101,683, and total registered capital to 797.7 trillion VND (35.1 billion USD), a year-on-year increase of 17.1 percent and 48.1 percent, respectively.

The average registered capital of a new firm reached 7.8 billion VND (343,200 USD), up 26.5 percent.

The increasing trend reflects the effective measures the government has devised to help enterprises’ development.


Category: Economy, Vietnam

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