Thursday, 26 May, 2022
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Vietnam sees more new enterprises in 4 months

Vietnam sees more new enterprises in 4 months

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HANOI: About 49,600 enterprises are estimated to be established in Vietnam in the first four months of this year, posting an increase of 12.3 percent year on year, according to the country's General Statistics Office on Saturday.

 The registered capital of the new enterprises declined by 17.1 percent year on year to 635.3 trillion Vietnamese dong (about 28 billion U.S. dollars), said the office, reports Xinhua.

The services sector saw the biggest growth in new enterprises, with a 15.2 percent year-on-year increase. From January to April, around 30,900 firms in the Southeast Asian country that previously ceased operations due to various difficulties resumed their activities, up 60.6 percent year on year, according to the office.

 Last year, Vietnam saw the establishment of 116,800 enterprises with a total registered capital of over 1,611 trillion Vietnamese dong (about 71 billion dollars), down 13.4 percent in terms of quantity and 27.9 percent in capital against 2020.