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Over 14,000 enterprises set up in the first two months of 2017
Translated by Thu Minh 09:50, 2017/03/03
According to the latest report of the General Statistics Office, over 14,450 enterprises were established in the first two months of this year, up 3.9% in terms of number of enterprises over the same period in 2016.
More than 14,450 enterprises were set up in the first two months of  2017, with a total registered capital of over 152.5 trillion VND (US$6.71 billion), up 3.9% in terms of number of enterprises and 35% in terms of registered capital over the same period in 2016, according to the latest report of the General Statistics Office.
The average registered capital per new enterprise reached 10.6 billion VND (US$466,000), an increase of 29.9% against the same period of last year.
 
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Illustrative image
In February alone, more than 5,400 enterprises were set up with 62.2 trillion VND (US$2.74 billion) worth of registered capital, a decrease of 39.3% in the number of enterprises and 31% in registered capital compared to January.
The fall in number of newly established enterprises was due to a long Tet holidays in late January and early February.
In January and Februry, the country also saw more than 7,900 enterprises resume their operations, up 7.6% compared to the corresponding period last year.
In the reviewed time, about 2,500 companies were dissolved, up 14.9% compared to the same period of 2016, including more than 2,300 enterprises with a registered capital of less than 10 billion VND (US$440,000) while more than 16,300 enterprises registered to suspend operations.
The sectors that attract the participation of a large number of labourers include the processing and manufacturing industry, wholesale and retail sales, automobile and motorcycle repairs and construction, among others.
 
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