The total registered capital of these newly-established enterprises was 891 trillion VND (39.2 billion USD), an increase of 48.1 percent compared with the last year. Most of newly-established operate in real estate, health care and social assistance, and education and training. They has created 1.3 million jobs. Meanwhile, the number of businesses resumed operations this year reached 26,689, up 43.1 percent from 2015.
According to the Deputy Minister of the MPI, the figures reflect the recent growth of Vietnamese enterprises and improvements in the investment climate, creating an impetus for the country’s economic development in the context of international integration. The increasing trend was fueled by the Investment Law and the Enterprise Law 2014, which speculates a business registration period of no more than three days.
The report of the Business Registration Management Agency showed that Hanoi and Ho Chi Minh City saw the highest numbers of new businesses, with 36,442 and 22,663, respectively, accounting for 53.7 percent of the total figure, followed by Binh Duong, Da Nang, Dong Nai, Hai Phong and Khanh Hoa province.
