Vietnam has 165,300 new firms in 2018

There were 131,275 newly-established firms with total registered-capital of VND1.47 quadrillion nationwide in 2018.

Employees at the HCMC Department of Planning and Investment solve business establishment procedures for residents (Photo: SGGP)

Employees at the HCMC Department of Planning and Investment solve business establishment procedures for residents (Photo: SGGP)

If an additional capital of VND2.4 quadrillion was included, total investment into the country’s economy would be nearly VND3.88 quadrillion.
In addition, there were 34,000 firms having resumed operation, bringing the total number of newly registered and revived enterprises in 2018 to nearly 165,300.
Most newly-established firms are in wholesale, retail sale and vehicle repairing sector with 46,000 firms, accounting for more than 35 percent of total newly-established firms. Construction sector is the runner-up with 16,700 firms, accounting for 12.7 percent. Industrial processing and manufacturing sector accounts for 12.3 percent with 16,200 firms. Science, technology, consulting, design, advertising and others have 10,000 firms, accounting for 7.6 percent.

By Che Han – Translated by Thuy Doan

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