The total amount of registered and additional capital hit 204.9 trillion VND (8.9 billion USD) during the month, it said.

The new firms operating in arts and entertainment saw a 2.4 percent rise in number and a 65.8 percent surge in registered capital.

Up to 5,564 firms resumed their operations in the month, up 14.2 percent year-on-year.

Meanwhile, 1,583 enterprises completed dissolution procedures, marking an 18.3 percent increase from 2016’s January. As many as 13,289 others halted their operations, up 6.7 percent against the same period last year.

A representative from the Ministry of Planning and Investment’s Business Registration Management Agency said most of them registered a term halt and will return to their business later.

The number of firms which temporarily stopped working or awaited dissolution fell year-on-year, including those operating in agro-forestry-fisheries (down 54.3 percent), lodging and catering services (down 38.4 percent), mining (37.5 percent), transport and warehouse (30.8 percent), and construction (28.3 percent).