The number of companies resuming operation this month has also increased 4.7% year on year to 6,562.

These figures indicate that businesses have shown positive response to the economy’s recovery during the year-end months and next year, the agency said.

A plan of the Long Son petrochemical complex project in Long Son commune of Vung Tau city, Ba Ria - Vung Tau province.

However, as numerous difficulties remain in the economy, 12,551 companies have withdrawn from the market in November, up 19.3%.

Sharing the November upward trend, the numbers of new companies, the ones resuming operations, and those withdrawing from the market have also went up during the first 11 months of 2023.

During the period, newly established businesses number 146,044, rising 6% from a year earlier and 1.2-fold from the average of the 2018 - 2022 period (123,121). The majority of them (109,688, up 7.5%) work in the service sector while 34,735 companies (up 2.6%) in the industry - construction sector, and 1,621 others (down 11.5%) in agriculture, forestry and fisheries sectors

Besides, 55,485 businesses have resumed operation during the 11 months, falling 2.5% from the same period last year but still rising 1.3-fold from the 2018 - 2022 average (41,404).

Meanwhile, 158,763 firms have withdrawn from the market, climbing 20%. Most of them, 53.8%, opted to suspend operation for a short term, statistics show.

The agency perceived that the growth in the number of new businesses in the industrial sector has once again illustrated the continued rebound in industrial production after months of contraction, as well as positive effects of support measures taken by the Government, the Ministry of Industry and Trade, and other ministries and sectors.

Bac Giang leads nationwide in newly registered FDI capital

BAC GIANG - Since early this year, Bac Giang province has attracted more than 2.14 billion USD investment capital, nearly doubling the figure year on year, reported the Department of Planning and Investment.

More than 1,600 businesses newly established in Bac Giang

BAC GIANG – In the first nine months of this year, Bac Giang province had more than 1,600 newly established businesses, up 41 percent year on year, reported the provincial Department of Planning and Investment.

Nearly 1,490 businesses newly established in Bac Giang

BAC GIANG – Bac  Giang province has had nearly 1,490 newly established companies for 8 months of this year, up 30 percent year on year, with total registered capital of over 20 trillion billion VND (about 852 million USD), reported the Department of Planning and Investment.

Newly registered businesses peak in April

The number of new businesses set a record high in April at 15,967, according to the General Statistics Office of Vietnam.

Newly released Netflix film to promote Vietnam’s beauty to international viewers

Images of an impressive and enchanting Vietnam will be introduced to audiences of 190 countries and territories worldwide through the film ‘A Tourist’s Guide to Love’, which will be streamed on Netflix on April 21.

Source: VNA