Newly-established businesses hit record high in first half of 2022

Thursday, 30/06/2022 16:00
The number of newly-established enterprises in the first half of the year set new record of 76,233, a year-on-year increase of 13.6%, according to the Ministry of Planning and Investment.

 The number of newly-established enterprises rose sharply in the first half  (Photo: hanoimoi.com.vn)

This is the first time that the number of newly-established enterprises in the first six months has exceeded 70,000.

By the end of the second quarter of 2022, there were 116,900 enterprises entering and re-entering the market. The total registered capital of newly established enterprises reached 882.12 trillion VND, a 1.2-fold increase compared to the average in 2017-2021 (749.019 trillion VND).

In Hanoi and Ho Chi Minh City, the number of newly established enterprises increased significantly. Hanoi has 14,628 newly-established enterprises, up 9.8% year on year. Notably, since the beginning of the year, 40,667 enterprises have returned to operation, up 55.6% year on year and a 1.9-fold increase compared to the average in 2017-2021 (20,949 enterprises).

In June alone, the number of newly-established enterprises totalled 13,272. Total registered capital reached more than 121 trillion VND. Total number of registered workers was 77,000.

In the opposite direction, 83,570 businesses withdrew from the market in the first six months of this year, a year-on-year growth of 19%.

Enterprises withdrawing from the market are mainly temporarily suspending their businesses, with 50,909 enterprises, accounting for 60.9%.

Enterprises temporarily suspending business were mainly in the fields of wholesale, retail, car and motorbike repair (18,417 enterprises, accounting for 36.2%), construction (7,206 enterprises, 14.2%) and processing and manufacturing industry (5,948 enterprises, 11.7%)./.

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