More than 10,000 firms established in Jan

VGP – There were than 10,000 newly-established firms in January with registered capital of VND155.1 trillion, according to the General Statistics Office (GSO).

February 02, 2021 5:59 PM GMT+7

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The GSO reported that the average registered capital of a new enterprise in January reached a sum of VND15.4 billion, a rise of 3.2% in comparison to the same period from last year.

In line with the figure, the total new and additional registered capital by firms in January recorded an annual increase of 10.5% to VND395.1 trillion.

Furthermore, the GSO outlined that a total of 6,503 enterprises resumed operations in January, thereby representing a decline of 23.2% on-year. This figure brings the total number of newly-established enterprises and businesses returning to operate in January to 16,594, marking an annual fall of 0.9%.

Despite this, 25,752 enterprises either suspended their operations or are poised to finalise dissolution procedures, up 36.4% compared to last year’s corresponding period.

By Hoang Ha