Hanoi (VNS/VNA) - Vietnam saw a record-high number of new businessregistrations, including those resuming operations, in June, according to theDepartment for Business Registration Management under the Ministry of Planningand Investment.

This is a positive signal seeing as firms are still facing many difficulties inproduction and business activities, the department said.

There were 13,904 newly established enterprises in June 2023, an increase of4.8% over the same period in 2022. A further 7,098 enterprises resumed theiroperations in June, an increase of 215% over the same period in 2022.

In the first six months of the year, there were about 113,000 newly establishedand resumed enterprises. Thus, each month about 19,000 enterprises were set upor resumed operations.

Meanwhile, about 100,000 enterprises withdrew from the market during the firstsix months, including 12,333 enterprises in June.

The average number of enterprises withdrawing from the market reached 16,600per month. This number decreased compared to 17,600 enterprises each monthduring the first five months and 19,000 units each month during the first fourmonths.

The department reported that the registered capital of newly establishedenterprises continued to decrease during the first six months.

The total registered capital of newly established enterprises was just 707,457billion VND, or 75-80% of the total registered capital in the same period ofthe years affected by the COVID-19 pandemic. The figure was 942,648 billion VNDin 2021 and 882,122 billion in 2022.

The average registered capital per new enterprise in the first six months of2023 only reached 9.3 billion VND, the lowest level for the first six months ofthe year since 2017.

During the six months, total capital that was registered to increase byoperating enterprises also decreased by 48.1% over the same period in 2022.

The department also said that the real estate businesses continued to face themost difficulty in the first six months of the year.

Both numbers of enterprises entering the market and the registered capital ofthe new enterprises in the real estate sector decreased sharply compared to thesame period last year at 58.9% and 54.1%, respectively.

The number of real estate businesses withdrawing from the market increased by40.4% over the same period in 2022, the highest rate among 17 economic sectors.

This was in contrast to the impressive growth in the number of new real estatebusinesses entering the market at 44.8% in the first six months of 2021compared to 2020./.