11,027 new enterprises established in May

In May, 11,027 new enterprises were established in the country, with total registered capital of VND 105trillion, a decrease of 21 percent over last month, reported the General Office of Statistics (GOS).

11,027 new enterprises established in May

However, the GOS reported an increase of 3.3 percent of average registered capital as it reached VND 9.5million in each enterprise.

In the first five months of this year, some 65,600 enterprises resumed operations and registered newly establishment.

Newly established enterprises focus on the sectors of retail trading, repair of cars and motorcycles (accounting for 33.9 percent); construction (13.6 percent); processing industry and mechanical manufacturing (12.4 percent)…

Some 33,399 enterprises ceased operations, increasing 3.9 percent compared to the same period last year while 5,533 others completed dissolution procedures.

DTTC-Translated by Van Ha

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