Nearly 135,000 enterprises formed in 2020

Photo for llustration. (Source:

Businesses added more than 5.5 quadrillion VND to the economy in 2020, a year-on-year increase of 39%, reported the General Statistics Office (GSO).

Average registered capital of a newly-established enterprise in 2020 reached 16.6 billion VND, a year-on-year rise of 32.3%. Regarding more than 3.3 quadrillion VND of additional registered capital by 39,500 enterprises, more than 5.5 quadrillion VND was added to the economy, a year-on-year rise of 39%.

In addition, 44,100 enterprises recovered their operations this year, a year-on-year rise of 11.9%; bringing the total newly-established enterprises and those recovering their operations to 179,000; a year-on-year increase of 0.8%. On average, each month saw 14,900 new enterprises and those returning to operation.

In 2020, more than 101,000 enterprises suspended their business for a definite period, stopped operation to wait for dissolution procedures and completed dissolution procedures, up 13.9% against last year.

Each month, nearly 8,500 enterprises withdraw from the market./.


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