8.600 new enterprises established in September

Wednesday, 2017-09-27 11:36:52
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NDO/VNA — A total of 8,600 new enterprises, with a total registered capital of nearly VND80.5 trillion (US$3.54 billion), were set up in September, according to the Ministry of Planning and Investment.

The registered capital dropped 39 percent compared with the previous month, while the number of newly established enterprises declined by 31 percent.

The ministry said that the sharp decreases both in the number of new firms and registered capital were because September fell in July according to the lunar calendar, which is considered a “Ghost Month”, making people hesitant to establish a new firm.

However, in the first nine months of the year, the country had some 94,000 newly established firms, with a total registered capital of more than VND900 trillion, an annual increase of 15.4%, in terms of the number of businesses, and a 43.5% rise in the amount of registered capital.

Average registered capital was VND9.6 billion for each business in the January-September period, down 11.4 percent from the same period last year.

The number of labourers in the newly established companies in the period was 886,453, posting a 4.5% annual decrease. The ministry also reported that in the first nine months of the year, some 30,846 firms were dissolved or ceased operations.

More than 21,100 enterprises also resumed operations in the first nine months of the year.

One-member limited companies had the highest number with over 53,000 firms, accounting for 56 percent of the total number of newly-established enterprises in the nine-month period. However, one-member limited companies accounted for just 33% of total registered capital of the new firms, with an average registered capital of VND5.6 billion each, VND4 billion lower than the average capital of all business types.

Two-member limited companies took the second position with some 22,000 firms accounting for 20% of the total. Their average registered capital was VND8 billion each.

Average registered capital of newly-established joint stock companies was the highest figure posted with VND27 billion per firm.

The South Eastern and Red River Delta regions had the highest number of new companies with 39,600 and 28.400 firms, respectively.