established firms

Vietnam saw over 13,000 new enterprises formed with a total registered capital of 106.9 trillion VND in October, up 13.6% in number of firms but down 21.4% in capital from the previous month.

Record rise was seen in the number of newly-established firms and those returning to the market in the first eight months of this year thanks to a surge in August’s figures, according to the Business Registration Agency under the Ministry of Planning and Investment.

The number of newly-established enterprises in the first five months of thenbsp;year was 62,961, up 12.9 per cent over the same period in 2021, according to the General Statistics Office (GSO).