Hanoi (VNA) – Vietnam saw declines in the number ofnewly-established companies and those resuming operation in November, said the GeneralStatistics Office.
A total of 11,637 new enterprises were registered this month with totalcapital of 118.4 trillion VND (5.09 billion USD), down 10.5 percent and 22percent, respectively, from the previous month. More than 3,400 others resumedoperation, a month-on-month decrease of 1.4 percent.
The number of dissolved firms was 1,554 while 6.353 companies haltedoperations during the month.
In the first 11 months of 2018, more than 121,200 businesses were setup with 1.2 quadrillion VND worth of newly registered capital and 2.2quadrillion VND worth of additional capital.
Close to 31,870 firms resumed operation in the January – Novemberperiod, up 30.9 percent from the same period last year. These firms operationalagain brought up the economy’s total number of company to 153,100.
However, the number of firms suspending and dissolving operation rose alarminglyduring the period, up 49.3 percent and 37.4 percent to over 83,100 and 14,800,respectively. Most of the dissolved companies were those with capital of below10 billion VND. –VNA
As many as 64,531 new enterprises have been set up in the first half of 2018 with a total registered capital of 649 trillion VND (28.6 billion USD), up 5.3 percent and 8.9 percent from the same period last year, respectively.
Nearly 75,800 new enterprises were established nationwide in the first seven months of the year, with a total registered capital of 771 trillion VND, a year-on-year rise of 3.9 percent in the number of firms, and a 11.6-percent rise in terms of capital.
The 1,000 biggest tax payers in Vietnam in 2017 contributed more than 110 trillion VND (4.72 billion USD) to the State budget, accounting for 63 percent of total tax contributions.
Some 87,448 new enterprises were established in the first eight months of the year, registering a total registered capital of 878.6 trillion VND (37.7 billion USD), a year-on-year increase of 2.4 percent in number of firms and 6.9 percent in capital, according to the General Statistics Office (GSO).
The southern province of Tien Giang recorded 556 newly-established enterprises with total registered capital of more than 3.5 trillion VND (149.3 million USD) in the first 10 months of 2018, up 8 percent and 67.6 percent year-on-year, respectively.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image. (Photo: VNA)
