More than 100,000 firms has established in the first 11 months

The Department of Business Development has reported that 9,918 enterprises with a total registered capital of 87.1 trillion VND (3.83 billion USD) were established nationwide in November.

The department under the Ministry of Industry and Trade noted that these figures illustrated a decrease of 3.8 percent in volume but an increase of 6.8 percent in value compared with the previous month. The increasing trend reflects the effective measures the Government has devised to help enterprises’ development

The number of newly-established enterprises in November pushed the number of newly-established enterprises in the first 11 months of this year to 101,683 with a total registered capital to 797.7 trillion VND (35.1 billion USD), a year-on-year increase of 17.1 percent and 48.1 percent, respectively.

The average registered capital of a new firm reached 7.8 billion VND (343,200 USD), up 26.5 percent compared to the same period last year.

Source: VNA