87,448 companies established, 63,235 enterprises dissolved in eight months

Over 63,200 companies were dissolved in the country since the beginning of the year, up 38.1 percent compared to the same period last year while the number of new companies reached 87,448  with a total registered capital of VND 878,6 trillion.

A business holds a ceremony on its opening day (Photo: SGGP)

A business holds a ceremony on its opening day (Photo: SGGP)

In August alone, the number of newly- established companies was 11.655, rising up 3.5 percent in enterprises and decreased by11.9 percent in registered capital against July

Moreover, an average registered capital of an enterprise was VND9.2 billion ($395,987), reducing 14.9 percent. The new enterprises offered 111,000 jobs, a decrease of 3.3 percent.

The country saw 2,912 re-opening, 2 percent lower than July yet 6,216 temporarily suspended its activities.

In the eight months of this year, the country has 87,448 newly established registered enterprises with a total registered capital of VND878.6 trillion, increasing 2.4 percent in the number of enterprises and 6.9 percent in registered capital over the same period in 2017.

The average registered capital of newly established enterprises was VND10 billion, up 4.3 percent.

If VND1,679 trillion of businesses which registered to increase the capital was included, the total registered capital poured into the economy in the first 8 months of 2018 was VND2,558 trillion.

In addition, there were 20,942 businesses returning to operation, up 9.3 percent over the same period last year, bringing the total number of newly registered enterprises and enterprises returning to operation for 8 months to over 108,000 enterprises.

Total number of contracted laborers of newly-established enterprises in 8 months was 734,000, decreasing 10.7 percent over the same period last year.

By ANH PHUONG – Translated by ANH QUAN

Other news