About 64,000 enterprises established in the first seven months

Newly-established firms rose by 23.3 percent in number and 54.7 percent in capital value year-on-year, according to the GSO.

The adjusted capital in the reviewed period posted 894.9 trillion VND (40.27 billion USD), raising the total registered and adjusted capital to 1,400 trillion VND (63 billion USD).

In July alone, the number of new firms exceeded 9,600 with a total registered capital of 69.2 trillion VND (3.11 billion USD), a slight decrease from June.

The GSO also announced that more than 16,700 enterprises, which suspended their activities due to difficulties, have resumed operations, up 67.5 percent from the same period last year.

99,200 jobs were also created by the newly-established enterprises.

The number of businesses resuming operations exceeded 1,800 in July, while nearly 6,000 halted their operation and more than 900 firms completed procedures for dissolution or termination.