Number of newly-established enterprises down 24.3% in number and 19.3% in capital in September but were up year-on-year in first nine months.
The latest report from the Agency for Business Registration under the Ministry of Planning and Investment (MPI) revealed that in September there were 7,042 newly-established enterprises with total capital of VND44.5 trillion ($1.95 billion), down 24.3 per cent and 19.3 per cent, respectively, against September last year.
The number of enterprises dissolved around the country was 672 during the month, down 19.4 per cent compared to August. The number of enterprises that temporarily suspended operations stood at 9,439, an increase of 24.3 per cent against August.
There were also 1,515 enterprises that restarted business after temporarily suspending operations during the month, an 11.5 per cent increase against August.
In the first nine months there were a total of 68,347 newly-established enterprises with capital of $421 trillion ($18.5 billion), increases of 28.5 per cent and 31.4 per cent, respectively, year-on-year.
The number of new enterprises in the first nine months increased in all sectors compared with the same period last year. Certain sectors saw high growth in the number, such as arts and entertainment, with 95.3 per cent, real estate 78.7 per cent, agriculture, forestry and fishery 55.3 per cent, transportation 52.3 per cent, and construction 36.6 per cent.
Meanwhile, 12,848 enterprises that had temporarily suspended operations restarted business in the first nine months, an 8.2 per cent increase against the same period last year.