New firms up 36 percent in May

A total of 10,728 new firms were established in May with total registered capital of 112.7 trillion VND (4.83 billion USD), up 36.1 percent in number and 20.1 percent in capital from the previous month, according to the General Office of Statistics (GSO).

Hanoi (VNA) – A total of 10,728 new firms were established in May with total registered capital of 112.7 trillion VND (4.83 billion USD), up 36.1 percent in number and 20.1 percent in capital from the previous month, according to the General Office of Statistics (GSO).

With the May figure, the number of new firms set up in the first five months of the year reached 48,300 with total capital of 557 trillion VND, down 10.5 percent in number and 16.7 percent in capital year-on-year.

Taking into account the 817.4 trillion VND added to existing firms, the capital flow into the economy in the period came to 1,375 trillion VND, a decrease of 17 percent compared to the same period last year.

Besides, 21,700 firms resumed operation, up 10.5 percent year on year.

Meanwhile, 26,000 firms suspended operation for a certain period, up 36.4 percent year on year, and 16,500 suspended pending dissolution procedures, down 14.5 percent. Nearly 6,100 firms dissolved in the five months, down 4.8 percent, with 2,200 of them in whole and retail, automobile and motorbike repair./.

 

 

 

Source: Vietnam News Agency

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