New business registration falls slightly in November

By Trung Ngoc - Nov 29, 2017 | 07:33 AM GMT+7

TheLEADER10,920 enterprises were established in November with a registered capital of VND109.9 trillion (US$4.8 billion), representing declines of 2.1 per cent and 7.8 per cent respectively, compared to the previous month, according to the Ministry of Planning and Investment.

New business registration falls slightly in November
There is a slight decrease in new business registration in November. Photo:

The number of enterprises resuming their operation in November was 1,338, an increase of 0.7 per cent over the previous month.

Generally, in the first 11 months of this year, the total number of newly-established enterprises and businesses returning to operation was 140,394, with a total registered capital of VND2.71 quadrillion.

The average registered capital for each enterprise from January to November,2017 was VND9.8 billion (US$440,000), up 24.3 per cent over the corresponding period last year, while the figure in November only was VND10.1 billion (US$453,000), a 5.8 per cent year-on-year decrease against October.

The number of laborers in the newly-established enterprises was over one million people, an 8 per cent decrease over the corresponding period last year.

In the past 11 months, the number of enterprises focused mainly on the fields of wholesale, retail, automobiles and motorbikes repairing was 41,627, accounting for 35.9 per cent; the processing and manufacturing industry had 14,846 enterprises, accounting for 12.8 per cent; the construction sector had 14,695 enterprises, accounting for 12.7 per cent; and science, technology, consulting services, design and advertising had 8,663 new enterprises, equivalent to 7.5 per cent of the total number.

In term of registered capital,during the first eleven months of the year, the real estate sector had the highest registered capital of over VND314 trillion, accounting for 27.8 per cent, followed by wholesale, retail, automobiles and motorbikes repairing, worth more than VND182 trillion, accounting for 16.1 per cent, while the construction sector had a registered capital of VND155.3 trillion, accounting for 13.7 per cent.