51,600 new firms established in Vietnam in first 4 months
HANOI: Around 51,600 enterprises were newly formed in Vietnam in the first four months of this year, posting an increase of 3.4 per cent year on year, according to the latest statistics of the General Statistics Office.

The registered capital of the new enterprises was estimated at nearly 508 trillion Vietnamese dong (US$20.04 billion), the office said.

The number of new firms established in the period rose 3.2 per cent in the services sector, 4 per cent in the industry and construction sector, and 1.2 per cent in the agriculture, forestry and fishery sector compared to the same period last year.

Between January and April, over 29,700 firms that previously ceased operations resumed their activities, surging 2.4 per cent on the year.

However, in the same period, around 21,600 firms were estimated to withdraw from the market each month, according to the office. - Xinhua
Vietnam,firms
HANOI: Around 51,600 enterprises were newly formed in Vietnam in the first four months of this year, posting an increase of 3.4 per cent year on year, according to the latest statistics of the General Statistics Office.