Business registration capital increases 51% in first half

An extra of 54,500 businesses were established with the total registered capital of VND427,762 billion (US$19.14 billion) in the first half this year, a year on year increase of 20 percent in the number of new businesses and 51.5 percent in registered capital.

According to reports by the General Statistics Office of Vietnam this morning, average registered capital was VND7.8 billion (US$349,000) a business, up 26.2 percent over the same period last year. The new enterprises mainly concentrated in the Red River Delta and the southeastern region.

In addition, businesses supplemented VND774,724 billion (US$34.69 billion) in registered capital, up 150 percent over a year back.

The total newly registered and supplementary capital in the economy hit VND1,202,486 billion (US$53.81 billion).

Notably, 14,902 businesses resumed operation, up 75.2 percent over the same period last year.

The number of dissolved firms hiked 17 percent to touch 5,507. Of these, 40.1 percent was one member limited liability companies and 93 percent was of small scale with capital of below VND10 billion (US$447,500).

Small and medium enterprises accounted for 92.1 percent of those halting operation during the same period.

By Anh Phuong – Translated by Hai Mien

Other news