Nearly 99,000 businesses established in nine months

Nearly 99,000 new enterprises were established in the first nine months of this year, a year-on-year fall of 3.2 percent.

The firms registered to invest a total capital of more than 1.4 quadrillion VND (60.56 billion USD), and hire 778,000 labourers, up 10.7 percent and down 16.3 percent as compared to the same time last year.

The average registered capital of each new business was at 14.4 billion VND, a year-on-year surge of 14.4 percent.

Meanwhile, 29,500 operating enterprises registered to increase capital by 2.1 quadrillion in total for their business. As a result, the domestic economy received a total capital of more than 3.6 quadrillion VND from newly established and existing businesses this year, expanding 19.2 percent year on year.

In three quarters, 34,600 companies resumed operation, up 25.5 percent from the same time in 2019.

Additionally, there were 38,600 businesses temporarily suspending operations, a surge of 81.8 percent compared to the previous year; while about 27,600 enterprises were waiting for dissolution procedures and nearly 12,100 completed dissolution procedures, down 2.4 percent and up 0.1 percent, respectively.

A survey on business trends of enterprises in the processing and manufacturing sector in the third quarter showed that 32.2 percent of businesses had better business performance than the previous quarter. About 32 percent of surveyed firms had difficulties in production and business, and 36 percent had stable operation.

Up to 45.6 percent of enterprises felt upbeat about their business in the quarter, 19 percent forecast difficulties, and 35.4 percent believed they would have stable business and operation.

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