Over 67,000 New Businesses Established in First Half of 2021

9:07:43 AM | 6/30/2021

In the first half of 2021, Viet Nam recorded more than 67,000 new businesses with a total registered capital of VND942.6 trillion (US$40.84 billion), up 8.1% on year in the number of enterprises and up 34.3% in terms of the registered capital.

This meant the average registered capital per newly established enterprise was VND14.1 billion (approximately US$611,000), representing an increase of 24.2% over the same period in 2020, according to the General Statistics Office (GSO).

Over the reviewed period, 26,100 firms resumed their operations across the country, up 3.9% on year.

In June alone, the number of newly formed enterprises fell by 2.5% from the previous month to 11,300, but the registered capital rose by 9.1% to reach VND164.3 trillion (US$7.11 billion), resulting in the average registered capital per new business at VND14.5 billion, up 11.9% against May 2021 and up 43.3% compared to June 2020. 

In addition, Viet Nam saw 4,867 enterprises returned to operations this month. 

Source: VGP