The number of newly established businesses is the highest ever

This year, the whole country had 126,859 newly established enterprises, with a total registered capital of VND 1,295,900 billion.

According to the Department of Business Registration Management, Ministry of Planning and Investment, in December, the country had more than 10,800 newly established enterprises with a registered capital of VND164,100 billion. In total, this year, the country had 126,859 newly established enterprises, with a total registered capital of VND1,295,900 billion, a sharp increase in both the number of enterprises and registered capital compared to the previous year.

The average registered capital of a newly established enterprise this year reached 10.2 billion VND, an increase of more than 26% compared to last year. If the capital of enterprises that changed their capital is included, the total capital added to the economy this year is 3 million 165 thousand 200 billion VND.

In addition to the number of newly established enterprises, this year there were also more than 26,400 enterprises returning to operation, bringing the total number of newly established and returning enterprises in the year to 153,300 enterprises. The total number of registered employees of newly established enterprises this year is 1,161,300 people.

The number of registered businesses increased sharply in both quantity and registered capital compared to 2016. (Illustration: KT)

By field of activity, this year there were 45,400 newly established enterprises in the wholesale and retail sector (accounting for nearly 36% of the total number of newly established enterprises), an increase of nearly 17% over the previous year; followed by enterprises in the processing and manufacturing industry; construction enterprises; science and technology enterprises, consulting services, design, advertising and other specialized enterprises.

The number of newly established enterprises this year increased sharply, surpassing the record number of 110 thousand enterprises last year. This proves that the efforts of the Government and ministries, branches and localities in improving the investment and business environment have brought results, creating more favorable conditions for enterprises to enter the market and participate in production and business activities.

However, in addition to the number of newly established enterprises, the number of enterprises ceasing operations or dissolving in 2017 was still nearly 60,600 enterprises, although it decreased by 0.2% compared to the previous year, but this is still a remarkable number, requiring the Government and all levels and sectors to make more efforts in improving the business environment and removing difficulties for enterprises./.

According to VOV