Business

New firms’ registered capital up 34 percent in nine months

Close to 102,300 new enterprises were established in the first nine months of this year with a combined registered capital exceeding 1.29 quadrillion VND (55.47 billion USD), up 5.9 percent and 34 percent, respectively, from a year ago.
New firms’ registered capital up 34 percent in nine months ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Close to 102,300 new enterprises were established in thefirst nine months of this year with a combined registered capital exceeding 1.29 quadrillion VND(55.47 billion USD), up 5.9 percent and 34 percent, respectively, from a yearago.

The averageregistered capital per new firm hit a new record high, mounting to 12.6 billionVND (nearly 542,900 USD), according to the Ministry of Planning andInvestment’s Agency for Business Registration.

The new firmsregistered to employ around 929,800 workers, up 13.4 percent year-on-year.

Already-operationalfirms also registered to add about 1.73 quadrillion VND to their capital, bringtotal capital injected to the economy over the period to more than 3.02 quadrillion VND.

The agencysaid there were 27,600 businesses returning to operations, a year-on-yearincrease of 20.5 percent./.
VNA
#new enterprises#first nine months of 2019#average registered capital per new firm#nine months#average registered capital per new firm
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