New businesses post highest registered capital

01-Aug-2019 Intellasia | The Saigon Times | 6:02 AM Print This Post

As many as 79,300 businesses were established in the past seven months with combined registered capital of VND999.4 trillion, up 4.6 percent and 20.6 percent year-on-year, respectively, VietnamPlus reports, citing data from the general Statistical Office.

The average registered capital of new businesses was VND12.6 billion, setting a new record.

With VND1.470 quadrillion in additional capital from existing businesses included, fresh and additional capital totalled VND2.470 quadrillion, or some $105 billion.

Besides this, some 24,300 businesses reportedly resumed operations year-to-date, rising by 29.9 percent against the same period last year. However, 23,100 firms registered to suspend operations in the period, and 24,800 units are currently undergoing dissolution.

Of the 9,300 businesses dissolved (up 20 percent year-on-year), small businesses with capital below VND10 billion accounted for up to 90.4 percent.


Category: Business, Vietnam

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