As many as 53,192 new businesses have been set up in the first ninemonths of 2014 with a total registered capital of over 320 trillion VND(15.2 billion USD), up 13.9 percent in terms of capital compared to thesame period in 2013.
These new registered businesses areexpected to hire 795,000 workers, according to the Ministry of Planningand Investment.
During the same period, operating businesses also added nearly 421.5 trillion VND to their capital.
During the same period, 11,872 enterprises resumed operation after suspending for some time.
However, another 48,330 enterprises suspended or terminatedoperation, an increase of 13.8 percent from the same period last year.
Director of the ministry’s General NationalEconomy Department Bui Ha said the statistics of starts up anddissolution reflected the three major trends among sectors.
Some sectors are seeing good growth, reflected by the increasingnumber of new starts up and decreasing number of dissolutions. This ismost clearly seen in the distribution, power, water and gas supplysector, with an increase of 14 percent in new businesses and a 26percent drop in dissolutions.
Meanwhile, strongfluctuations in the numbers of enterprises in some sectors showed majorrestructuring is underway. These sectors included entertainment andrecreation with a 55.3 percent rise in start-up and 24.2 percentincrease in dissolution, agriculture-forestry-aquaculture withincreases of 26.2 percent and 6.8 percent, and real estate with rises of23.4 percent and 9.3 percent, respectively.
Fewer starts up and more business dissolutions were seen in sectorssuch as construction, retail, wholesale, auto-motor maintenance andother small services, reflecting gloomy business conditions.-VNA
These new registered businesses areexpected to hire 795,000 workers, according to the Ministry of Planningand Investment.
During the same period, operating businesses also added nearly 421.5 trillion VND to their capital.
During the same period, 11,872 enterprises resumed operation after suspending for some time.
However, another 48,330 enterprises suspended or terminatedoperation, an increase of 13.8 percent from the same period last year.
Director of the ministry’s General NationalEconomy Department Bui Ha said the statistics of starts up anddissolution reflected the three major trends among sectors.
Some sectors are seeing good growth, reflected by the increasingnumber of new starts up and decreasing number of dissolutions. This ismost clearly seen in the distribution, power, water and gas supplysector, with an increase of 14 percent in new businesses and a 26percent drop in dissolutions.
Meanwhile, strongfluctuations in the numbers of enterprises in some sectors showed majorrestructuring is underway. These sectors included entertainment andrecreation with a 55.3 percent rise in start-up and 24.2 percentincrease in dissolution, agriculture-forestry-aquaculture withincreases of 26.2 percent and 6.8 percent, and real estate with rises of23.4 percent and 9.3 percent, respectively.
Fewer starts up and more business dissolutions were seen in sectorssuch as construction, retail, wholesale, auto-motor maintenance andother small services, reflecting gloomy business conditions.-VNA
