Country has some 34,600 newly-established enterprises in first quarter. (Photo: laodong.vn)
According to the General Statistics Office (GSO), Vietnam saw 34,600 enterprises registering to enter the market with a total registered capital of 471.2 trillion VND, with nearly 243,500 employees in the first quarter, respectively increasing 18% and 5.2%, and decreasing 0.9%, from the same period last year.
Regarding 706.7 trillion VND of additional registered capital of enterprises, the total capital expected to be added to the economy in the first three months of the year is estimated at 1.2 quadrillion VND and a year-on-year increase of 21%.
In March alone, 14,300 enterprises were established with a registered capital of 193.6 trillion VND and 93,800 employees, an increase of 96%, 127% and 29%, respectively, from the previous month.
However, the country also recorded 35,700 enterprises that were not competitive enough and registered to suspend their operation for a definite time, a rise of nearly 50% year on year. At the same time, 11,300 businesses had to stop operation to wait for dissolution procedures.
During the period, the economy also recorded 4,300 enterprises completing dissolution procedures, a year-on-year decrease of 17%; in which 3,800 enterprises had capital scale of less than 10 billion VND. Thus, an average of 17,100 businesses withdrew from the market a month./.