These figures represented increases of 18.3 percent and 46.2 percent compared with the same period last year. The MPI’s report indicated that the newly established firms included 49,700 registering as one-member limited liability companies, 23,200 as two-member limited liability companies, 15,100 as shareholding companies, 3,600 as private enterprises, and 12 partnership companies. These newly established firms have provided 1,061,300 jobs.
According to the report, the 10-month period saw operating businesses to increase their capital by over 1.34 trillion VND. Up to 22,400 businesses resumed their operation during the reviewed time, showing a surge of 38.8 percent year on year.
The trend reflected investors’ higher trust in the country’s economic prospects, said the Department of Business Registration Management under the MPI.
It also reported that 17,500 businesses registered for term suspensions, a 29 percent surge from the same period a year ago. The businesses will return to their normal activities after their suspension terms are expired.
The number of businesses temporarily halting operations without registering or waiting for dissolution was 33,100, decreasing by 28.8 percent year on year.
Up to 9,200 businesses shut down during the reviewed period, rising 21.6 percent year on year.
The country’s policymakers are embracing an ambitious plan to have at least 1 million businesses in Vietnam by 2020.