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Business

New enterprises on the rise

Released at: 07:28, 28/06/2015

New enterprises on the rise

The number of newly-established enterprises increased in the first half while fewer closed their doors.

by Hoai An

In the first half of 2015 the number of newly-registered enterprises totaled 45,406, with registered capital of VND282.4 trillion ($13.1 billion), up 21.7 per cent and 22.3 per cent, respectively, compared to the same period last year, according to the National Business Registration Portal of the Ministry of Planning and Investment.

Arts, entertainment and recreation recorded the highest growth, of 134.8 per cent, followed by real estate with 65 per cent. Transportation and warehousing rose 52.6 per cent, while agricultural, forestry and fisheries increased 36.6 per cent. However, health and social assistance continued to be the only sector to see the number of newly-registered enterprises falling over the same period last year, albeit by only 1.5 per cent.

“This is a positive sign for the economy, as there are clearly more investment opportunities for new entrants and those enterprises experiencing difficulties,” a representative from National Business Registration Portal said.

Meanwhile, the number of firms completing procedures for dissolution was 4,708, down 0.9 per cent compared to first half of last year. The Portal also reported that the number of enterprises forced to suspend operations was more than 27,000, a decline of 5.8 per cent.

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