Newly registered businesses peak in April

Newly registered businesses peak in April

Your browser does not support the audio element. However, the registered capital decreased by  五. 七 per cent to more than VNĐ 一 五 四. 六 trillion. People register to establish businesses at an office of the Hanoi Authority for Planning Investment. — VNA/VNS Photo 

HÀ NỘI — The number of new businesses set a record high in April at  一 五, 九 六 七, according to the General Statistics Office of Vietnam.

The figure increased by  六. 四 per cent over the same period in  二0 二 二. However, the registered capital decreased by  五. 七 per cent to more than VNĐ 一 五 四. 六 trillion (US$ 六. 六 billion).

Four to six economic regions across the country, which are the Southeast, Central Highlands, Red River Delta, and Northern Midlands and Mountains, saw gains in newly registered businesses in April. 

 一 一 九,0 八 九 employees were registered at newly established firms, a  一 三. 七 per cent increase over the same period in  二0 二 二.

Statistics show that the number of businesses entering and rejoining the market in April rose  三 六. 六 per cent to  九, 六 一0 firms. In the first quarter,  五 六, 九 四 六 firms restarted operations, down  五. 四 per cent on-year. 

Therefore, in the first four months of this year,  七 八, 八 七 一 companies entered and re-entered the market nationally, including  四 九, 八 七 二 new ones, up 0. 六 per cent over the same period last year.

However, global inflation and unstable situations cause potential threats to the Vietnamese economy's growth, particularly business operations. 

As a result,  一 四, 五0 九 businesses nationwide withdrew from the market in April  二0 二 三. Since the beginning of the year,  七 七,00 一 firms left the market, up  二 五. 一 per cent over last year, of which a large part temporarily ceased operations. — VNS