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Vietnam Today

Newly-registered enterprises up 11% in April

Released at: 18:29, 04/05/2016

Newly-registered enterprises up 11% in April

While numbers increase against March, capital falls.

by Thien Huong

There were 10,954 newly-registered enterprises in April, up 11 per cent against March, with capital of VND62.2 trillion ($2.79 billion), down 14.7 per cent, for a year-to-date figure of 34,721 with capital of $248.2 trillion, up 22.9 per cent and 52.8 per cent year-on-year, respectively, according to the General Statistics Office. Average registered capital was $320,000, up 24.2 per cent year-on-year.

An influx of foreign direct investment (FDI) and solid business operations around the country saw the number of employees in the industrial sector increase 6 per cent in the first four months compared to the same period last year.

Vietnam enjoyed a trade surplus during the period, with export turnover estimated at $52.9 billion, up 6 per cent year-on-year, while imports were estimated at $51.4 billion, down 1.2 per cent year-on-year.

There are also optimistic signs in industrial production. The industrial production index in April was estimated to have increased 7.9 per cent, with processing and manufacturing rising by 9.6 per cent. The consumption index in the industrial sector grew by 36.5 per cent compared to the previous month and 12.7 per cent year-on-year. 

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