Newly-established businesses in first 6 months exceeded 70,000, an increase of 13.6%
There were 76,233 newly-registered enterprises in the first six months of this year, an increase of 13.6% compared to the same period last year.
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| Apparel Far Eastern Vietnam Co. in Binh Duong province. (Photo: VNA) |
This is the first time that the number of newly-established enterprises in the first six months has exceeded 70,000.
Data from the Business Registration Management Agency under the Ministry of Planning and Investment showed that 116-900 enterprises entered or re-entered the market in the first half of 2022.
In terms of capital, although it declined by 6.4% over the same period last year, with a value of 882.1 trillion VND (37.92 billion USD), it was still 1.2 times higher than the average for 2017-2021.
The capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City continued to record a significant increase in newly-established enterprises.
Accordingly, Hanoi has 14,628 newly-established enterprises, up 9.8% yearly.
Ho Chi Minh City has 22,469 newly established businesses, a year-on-year increase of 11.5%.
Meanwhile, the number of enterprises returning to operation in the first six months of this year was 40,667, an increase of 55.6% over the same period last year and 1.9 times higher than the average in 2017-2021.
In the opposite direction, 83,570 businesses withdrew from the market in the first six months of this year, a year-on-year growth of 19%.
Enterprises withdrawing from the market are mainly temporarily suspending their businesses, with 50,909 enterprises, accounting for 60.9%.
Enterprises temporarily suspending business were mainly in the fields of wholesale, retail, car and motorbike repair (18,417 enterprises, accounting for 36.2%), construction (7,206 enterprises, 14.2%), processing and manufacturing industry (5,948 enterprises, 11.7%).
(Source: VNA)
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