Topic: Newly established businesses

The Business Registration Administration at the Ministry of Planning and Investment has said that business registrations continue to reach new milestones. In August, there were 11,918 newly-registered enterprises with total capital of VND130.198 trillion ($5.5 billion), an increase of 106.9 per cent in number and 91.6 per cent in capital year-on-year.

According to the General Statistics Office, there were more than 13,000 newly-established enterprises in July, down 0.7 per cent compared to June but up 50.7 per cent year-on-year. At the same time, 2,300 businesses returned to operations, up 3.2 per cent over June.