More than 52,000 newly established enterprises in 5 months

VCN- According to the General Statistics Office, in May, the country has 11,027 newly established enterprises with a registered capital of VND 104.8 trillion, down 24% in number of enterprises and down 21.5% in registered capital compared to the previous month.
more than 52000 newly established enterprises in 5 months Business registration: bustling at the beginning of the year
more than 52000 newly established enterprises in 5 months HCM City’s Tax Department: Dialogue, advise tax for real estate enterprises.
more than 52000 newly established enterprises in 5 months Managers will take fully responsibility if they let enterprises “reduce” price
more than 52000 newly established enterprises in 5 months
The country has 52,322 newly established enterprises in 5 months with a total registered capital of VND 516.9 trillion. Photo: La Dịu.

Also in May, the country has 2,306 enterprises returned to operation, down 29.7% over the previous month; 6,855 enterprises stopped operation, up 11.7% and 834 enterprises completed procedures for dissolution, down 39.5%.

In the first five months of this year, the country has 52,322 newly established enterprises with a total registered capital of VND 516.9 trillion, up 3.5% in number of enterprises and 6.4% in registered capital over the same period in 2017. The average registered capital of a newly established enterprise was VND9.9 billion, up 2.8%.

If including the additional registered capital of enterprises which raised their capital, the total registered capital added to the economy in the five months of 2018 is VND 1,419.1 trillion.

In addition, 13,267 enterprises returned to operation, down 1.4% over the same period last year, bringing the total number of newly established enterprises and enterprises which returned to operation in the first 5 months to nearly 65,600 enterprises.

more than 52000 newly established enterprises in 5 months More than 85,000 enterprises newly established in 8 months

VCN - According to the report from the General Statistics Office on business registration in August 2017 ...

In the first 5 months of 2018, the number of enterprises temporarily suspending from operation is 33,399 enterprises, up 3.9% over the same period last year. The number of enterprises completing dissolution procedures is 5,533 enterprises, up 18.1% over the same period last year.

By Hoai Anh/ Huyen Trang

Related News

Binh Duong Customs and Korean businesses solve difficulties and obstacles

Binh Duong Customs and Korean businesses solve difficulties and obstacles

VCN - Binh Duong Customs Department coordinated with the Association of Korean Investment Enterprises in Binh Duong (Kocham Binh Duong) to organize a dialogue conference with Korean businesses in 2024.
Price stability from supply increase and transparency in trading in gold market

Price stability from supply increase and transparency in trading in gold market

VCN - To stabilize the gold market, economic expert Prof.Dr. Tran Tho Dat, a member of the Prime Minister's Economic Advisory Group, said that it is necessary to implement solutions to make all transactions transparent in the gold market, implement electronic invoices as well as pay taxes in gold investment activities.
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT

VCN - The revised Draft Law on Value Added Tax (VAT), besides inheriting many provisions from the current Law, also revises and supplements several contents to suit the actual situation, including some notable contents in VAT refund.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.

Latest News

Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

VCN - As of April 15, Vietnam’s import-export turnover achieves US$208.94 billion, the General Department of Vietnam Customs releases.
Experts call for efforts in protecting IP rights

Experts call for efforts in protecting IP rights

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.
Policies needed to encourage e-commerce to embrace circular economy

Policies needed to encourage e-commerce to embrace circular economy

A recent report on plastic wastes from e-commerce by Việt Nam E-Commerce Association pointed out that e-commerce is growing rapidly with an average annual growth rate of more than 25 per cent, resulting in an increase in the use of plastic packaging which are negatively affecting the environment.
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

VCN - Implementing a preferential credit program for the forestry and fisheries sectors is considered one of the practical and effective solutions for these two industries to continue their billion-dollar export target.

More News

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

VCN - Dr. Nguyen Van Minh, Vice President of the Vietnam Aromatherapy - Essential Oils - Cosmetics Association (VOCA) shared with Customs Magazine the limitations in exploiting precious raw materials used for Vietnam's cosmetic production and the activities being implemented to develop this potential economic sector.
Ample room for Quang Ninh to attract FDI

Ample room for Quang Ninh to attract FDI

The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Vietnam’s rice exports may exceed 2024 target

Vietnam’s rice exports may exceed 2024 target

With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Opportunity for exporting to Thailand market

Opportunity for exporting to Thailand market

VCN - Thailand and Vietnam strive to achieve the goal of US$25 billion in bilateral trade by 2025.
Enterprises want clearer regulations on seafood production

Enterprises want clearer regulations on seafood production

There is a lack of consistency among existing legal documents on seafood production, making it difficult for enterprises to comply.
Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam ranks fifth among aquatic product suppliers for Singapore

Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - The issue of linking the value chain between domestic production units still has many "bottlenecks" that need to be resolved. In particular, solving the "problem" of linking businesses with cooperatives will help improve efficiency as well as meet the requirements of collective economic development.
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.
Read More

Your care

Latest Most read
Export turnover reaches over US$200 billion in the first half of April

Export turnover reaches over US$200 billion in the first half of April

VCN - Many commodity groups earned the export turnover of hundreds of millions of USD such as footwear; vehicles and spare parts; Cameras, camcorders and accessories…
Experts call for efforts in protecting IP rights

Experts call for efforts in protecting IP rights

Statistics reveal that there are over 5,720 OCOP entities with 978 products achieving 4-star, with 62 per cent benefiting from IP protection.
Policies needed to encourage e-commerce to embrace circular economy

Policies needed to encourage e-commerce to embrace circular economy

A recent report on plastic wastes from e-commerce by Việt Nam E-Commerce Association pointed out that e-commerce is growing rapidly with an average annual growth rate of more than 25 per cent, resulting in an increase in the use of plastic packaging which are negatively affecting the environment.
To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

To maintain its billion-dollar export position, forestry and fisheries enterprises propose additional credit limits

Implementing a preferential credit program for the forestry and fisheries sectors is considered one of the practical and effective solutions for these two industries to continue their billion-dollar export target.
Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

Efforts to supply US $ one billion of raw materials and cosmetics to replace imported goods

VCN - Dr. Nguyen Van Minh, Vice President of the Vietnam Aromatherapy - Essential Oils - Cosmetics Association (VOCA) shared with Customs Magazine the limitations in exploiting precious raw materials used for Vietnam's cosmetic production and the activiti
Mobile Version