Vietnam Experiences Increase in Starter Companies

The Ministry of Investment and Planning reported an increase in starter companies in January 2014.

Compared to December 2013, regions around the country have experienced a drastic increase in starter companies. 

The Mekong Delta increased 48.6 percent, Red River Delta increased 9.9 percent, the midland and mountainous areas increased 11.8 percent, the north central and central coastal provinces increased 29.1 percent, the highlands increased 6.7 percent, and the southeast areas increased 11.6 percent.

About 6,900 new companies set up with total capital of VND43,700 billion (US$2 billion), an increase of 15.7 percent. 

This is an increase of 11.5 percent of capital for starter companies since December 2013.

The figure of starter companies increased by 27.7 percent with a 79.5 percent increase in capital compared to last year’s.

The report estimates 2,400 firms reopened in January with 648 companies in the Red River Delta and 951 companies in the southeast area.

By Phan Thao - Translated by Uyen Phuong

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