Real estate business increases up to 60.5 percent

The Ministry of Planning and Investment reported that the country had nearly 11,000 newly established companies in November, 2017.  

(Illustrative photo:SGGP)

(Illustrative photo:SGGP)

From January to November, around 140, 394 nationwide enterprises were established and re-operated with total newly registered capital of US$ 119.5 billion. 

Of the number, around 41, 627 firms operated in the fields of business, retail, repairing, automobiles and motorbikes, accounting for 35.9 percent; 14,846 enterprises in the sectors of processing and manufacturing industry accounted for 12.8 percent; 14,695 companies in construction accounted for 12.7 percent and 8,663 ones in the sectors of science and technology; consulting services, design, advertisement and other professional accounted for 7.5 percent etc…

The average density of registered capital per an enterprise reached at VND 9.8 billion in the first 11 months of 2017, up 24.3 percent compared to the same period last year. 

This year’s rate of enterprise increase in real estate sector accounted for 60.5 percent over the same period of 2016.

In the first eleven months of 2017, total newly registered capital of real estate increased up to VND 314, 2 trillion, accounted for 27.8 percent of total registered capital of the country. 

Aside from real estate, the fields of business, retail, repairing, automobiles and motorbikes had total registered capital of VND 182 trillion accounted for 16.1 percent, and  total registered capital of construction was at VND 155.3 trillion. 

BY ANH PHUONG- Translated by Huyen Huong

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.