Businesses

Nearly 99,000 businesses established in nine months

WEDNESDAY, 30/09/2020 15:45:54

Nearly 99,000 new enterprises were established in the first nine months of this year, a year-on-year fall of 3.2%, according to the General Statistics Office.


Nearly 99,000 new enterprises were established in the first nine months of this year, a year-on-year fall of 3.2 percent. Photo: VNA

The firms registered to invest a total capital of more than 1.4 quadrillion VND (60.56 billion USD) and hire 778,000 laborers, up 10.7% and down 16.3% as compared to the same time last year.

The average registered capital of each new business was at 14.4 billion VND, a year-on-year surge of 14.4%.

Meanwhile, 29,500 operating enterprises registered to increase capital by 2.1 quadrillion VND in total for their business. As a result, the domestic economy received a total capital of more than 3.6 quadrillion VND from newly established and existing businesses this year, expanding 19.2% year on year.

In three quarters, 34,600 companies resumed operation, up 25.5% from the same time in 2019.

Additionally, there were 38,600 businesses temporarily suspending operations, a surge of 81.8% compared to the previous year; while about 27,600 enterprises were waiting for dissolution procedures and nearly 12,100 completed dissolution procedures, down 2.4% and up 0.1%, respectively.

A survey on business trends of enterprises in the processing and manufacturing sector in the third quarter showed that 32.2% of businesses had better business performance than the previous quarter. About 32% of surveyed firms had difficulties in production and business, and 36% had stable operation.

Up to 45.6% of enterprises felt upbeat about their business in the quarter, 19% forecast difficulties, and 35.4% believed they would have stable business and operation.

VNA

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