Business

Number of new firms hit record high in five years

Close to 54,000 enterprises have registered to begin operations in the first five months of 2019, up 3.2 percent on-year, also the highest number recorded in the period in the past five years.
Number of new firms hit record high in five years ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNA) – Close to 54,000enterprises have registered to begin operations in the first five months of2019, up 3.2 percent on-year, also the highest number recorded in the period inthe past five years.

According to the General Statistics Office,the new firms registered 669.7 trillion VND (28.5 billion USD) worth ofcapital, an annual increase of 29.6 percent. Newly registered capital and fundsadded to existing projects hit 1.7 quadrillion VND (73.1 billion USD).

Meanwhile, there were 19,600 firms resumingbusinesses, up 48.1 percent from the same period last year.

The number of temporarily closed companiesreached 19,100, while 19,300 others halted their operation.

Vietnam is forecast to grow by 6.8-6.9 percentin 2019 on the back of sound economic performance in 2018, according to theVietnam Macro-Economic Outlook 2019.

In 2018, the economy expanded by 7.08percent, one of the highest growth rates in the region and the world, supportedby 12.98 percent growth in the manufacturing and processing sector and a 3.76 percentexpansion in agriculture since 2012.-VNA 
VNA
#new firms in 5 month 2019#General Statistics Office#newly registered capital#funds added to existing projects#temporarily closed companies#Vietnam Macro-Economic Outlook 2019#Vietnam economy#vietnam news agency#vietnamplus
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