The number of new businesses has recorded a notable increase in both quantity and registered capital compared to last year’s figures.
This increase in newly established enterprises indicates an increasing confidence among the local business community in the Party and State’s socio-economic development policies for the 2021 to 2025 period. This is particularly true following the successful implementation of the dual goals of both pandemic prevention and socio-economic development. Indeed, there are plenty of positive signs for the prospects of business development moving forward, according to the GSO.
April alone saw the entire country home to roughly 14,900 newly established enterprises with registered capital reaching VND179,900 billion. In addition, the number of registered employees stood at 94,600, marking a rise of 33.1% in terms of the number of enterprises, a rise of 59.1% in registered capital and up by 30% in relation to the number of employees compared to March.
The average registered capital of a newly established enterprise in April reached a sum of VND12.1 billion, up 19.6% from the previous month and 1.7% over the same period from last year.
Most notably, the initial four months of the year witnessed the nation register nearly 44,200 new enterprises with a total registered capital of VND627,700 billion, whilst the total number of registered employees was 340,300. In line with this, the average registered capital of a newly established enterprise over the reviewed period hit VND14.2 billion, up 20% from the corresponding period last year.