More than 13,000 enterprises formed in 11 months

Photo for illustration

Accordingly, some 13,100 businesses were established this month, with combined capital of 284.8 trillion VND, up 7.3% and 72%, respectively, against October.

Average registered capital was 21.8 billion VND, up more than 60 percent month-on-month.

While 5,314 companies returned to business in November, 2,771 others ceased operations, according to statistics.

In total during the Jan-Nov period, some 124,300 companies with total registered capital of nearly 1.88 quadrillion VND (over 81 billion USD) were established, down 1.9% in number but up 19.3% in capital.

Meanwhile, 40,800 enterprises resumed operations during the period, a rise of 10.7% year-on-year.

This means there were about 15,000 enterprises established or resuming operations each month.

There were also 93,500 businesses suspending operations during the 11-month period, up 15.6% year-on-year./.


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