Number of new firms soars, making five-year record

About 54,000 new enterprises were registered in the first five months of this year, the highest number recorded in the period in the past five years.

According to the General Statistics Office (GSO), the newly established firms registered total capital of 28 billion USD. The service sector had the largest number of newly established firms, followed by the industry and construction sector. Vietnam is forecast to grow by 6.9 per cent this year on the back of sound economic performance in 2018, according to the Vietnam Macro-Economic Outlook 2019 report.

Source: VOV5