Number of new firms in Vietnam hit record high in five years

Close to 54,000 enterprises have registered to begin operations in the first five months of 2019, up 3.2 percent on-year, also the highest number recorded in the period in the past five years.

Number of new firms in Vietnam hit record high in five years

According to the General Statistics Office, the new firms registered 669.7 trillion VND (28.5 billion USD) worth of capital, an annual increase of 29.6 percent. Newly registered capital and funds added to existing projects hit 1.7 quadrillion VND (73.1 billion USD).

Meanwhile, there were 19,600 firms resuming businesses, up 48.1 percent from the same period last year.

The number of temporarily closed companies reached 19,100, while 19,300 others halted their operation.

Vietnam is forecast to grow by 6.8-6.9 percent in 2019 on the back of sound economic performance in 2018, according to the Vietnam Macro-Economic Outlook 2019.

 

In 2018, the economy expanded by 7.08 percent, one of the highest growth rates in the region and the world, supported by 12.98 percent growth in the manufacturing and processing sector and a 3.76 percent expansion in agriculture since 2012.-VNA

Wholesale, retail, vehicle repair see highest number of new firms: GSO

Wholesale, retail, vehicle repair see highest number of new firms: GSO

Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14% year on year and accounting for 37.2% of the newly-established firms of the country.  

Private firms in Vietnam encouraged to join credit information market

Private firms in Vietnam encouraged to join credit information market

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Forbes Global 2000 list has four Vietnamese firms

Forbes Global 2000 list has four Vietnamese firms

Four Vietnamese firms have been named in this year’s Global 2000 list by Forbes, an annual ranking of the world’s biggest and most powerful public companies.

 
 

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