The number of newly established enterprises and registered capital have been on the growing trend in period 2015 - 2018, stated the GSO report.
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Consequently, the average registered capital in the first 3 months is VND10.4 billion (US$455,000), increasing 1.5% over the last year's period. The number of workforce in newly established enterprises were 225,389, down 22.7% year on year.
The majority of newly established enterprises have registered capital of under VND10 billion (US$438,000), accounting for 90% of total number of newly established enterprises.
Most of newly established enterprises are in the following fields of wholesale, retail; automobile repairing with 9,218 enterprises (34.4%); construction with 3,599 enterprises (13.4%); manufacturing and processing with 3,265 enterprises (12.2%); science, technologies, consulting, design; advertising and others with 2,022 enterprises (7.5%).
With regard to registered capital, real estate continues to have the largest portion with VND79.1 trillion (US$3.4 billion), accounting for 28.4%; followed by construction with VND42.1 trillion (US$1.8 billion), or 15.1%; wholesale, retail; automobile repairing with VND29 trillion (US$1.22 billion), or 10.4%; and electricity production and allocation, water, gas with VND19.6 trillion (US$858.4 million), or 7.1%.
In March, the number of newly established enterprises reached over 8,000 for registered capital of VND81.1 trillion (US$3.55 billion), up 2.8% in quantity and down 18% in registered capital compared to February.
The average registered capital in March is estimated at VND10 billion, down 20.3% comparing to the previous month, while the number of workforce at newly established enterprises in March was 68,979, down 3% over the last month.
Comparing to February, the number of suspended enterprises in short term was 1,137, down 57.5% year on year; while 2,446 enterprises are waiting for dissolvent, up 57.3%, and 792 enterprises have completed dissolvent, down 18.8%.
In the first 3 months, the number of newly established enterprises and enterprises resuming operation are 35,234, in which 26,785 are newly established enterprises, and 8,449 are the former.
