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Economic Sector

Last updated: Friday, August 18, 2017

 

Newly Established Enterprises Surge

Posted: Wednesday, March 08, 2017


In the first two months of 2017, the total number of newly-established enterprises and enterprises resuming operation is 22,428, of which there are 14,451 new businesses.

According to the National Database on Business Registration and Taxation, in the first two months of 2017, Vietnam gained an additional 14,451 enterprises, with a total registered capital of VND152,558 billion, up 3.9 per cent of the number and 35 per cent of the registered capital over the same period last year.

The total registered capital added to the economy in the last two months was VND333,815 billion, including the total registered capital of newly established enterprises of VND152,558 billion and total additional registered capital of VND181,257 billion

The proportion of registered capital per business on average in the first two months of 2017 reached VND10.6 billion, up 29.9 per cent over the same period last year.
The number of workers in newly-established businesses in the last two months is 166,569, down 16.1 per cent from the same period last year.

It is indicated that there were only two areas with a decreasing number of newly registered enterprises: the Central Highlands with 363 newly established enterprises, down 11.2 per cent; and the North and Central Coast with 1,905 newly established, down 4.7 per cent.

Meanwhile, the Northern midlands and mountainous areas had 616 newly established enterprises, up 8.8 per cent; the Red River Delta 4,310 newly established enterprises, up 8.4 per cent; and the Southeast areas 6,069 enterprises, up 5.0 per cent, and the Mekong Delta 1,188 enterprises, up 1.2 per cent.

Regarding the registered capital of newly established enterprises, two regions have lower registered capital including the Mekong Delta (VND7,837 billion), down 3 , 0 per cent; and Northern midlands and mountainous areas (VND8,766 billion), down 1.4 per cent. The remaining areas have increasing registered capital, including North Central and Central Coastal areas with VND21,463 billion, up 83.6 per cent, Southeast areas with VND72,261 billion, up 56.6 per cent and the Central Highlands with VND4,092 billion, up 50.3 per cent and the Red River Delta with VND38,139 billion, up 7.4 per cent.

In the first two months of 2017, sectors that attract the most workers include processing industry and manufacturing (71,193 employees); wholesale; retail; repair of automobiles, motorcycles (29,264 employees); construction (16,349 employees); science and technology; consulting services, design; advertising and other professionals (15,423 employees).

In the first two months of 2017, the number of firms resuming operation increased in some areas, notably the Red River Delta region with 2,276 enterprises, up 28.7 per cent; and North Central and Central Coast with 1,433, up 26.1 per cent.

The statistics also showed that the number of the suspended enterprises was 8,673 nationwide, up 20.1 per cent over the same period last year. The number of businesses filing for dissolution procedures in the first two months was 2,524, up 14.9 per cent over the same period last year.

Bao Chau

 








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