Average registered capital was 11.3 billion VND (489,640 USD) per company in 2018, up 10.2 percent, said a press conference of the General Statistics Office (GSO) in Hanoi on December 27.

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The number of enterprises resuming their operations was around 34,000, up 28.6 percent compared to the previous year.

The total number of newly-established firms and firms resuming operations hit more than 165,000 companies, breaking the record of around 153,000 firms last year.

In the first 11 months of 2018, more than 121,200 businesses were set up with 1.2 quadrillion VND worth of newly registered capital and 2.2 quadrillion VND worth of additional capital.

Close to 31,870 firms resumed operation in the January – November period, up 30.9 percent from the same period last year. These firms operational again brought up the economy’s total number of the company to 153,100.

However, the number of firms suspending and dissolving operation rose alarmingly during the period, up 49.3 percent and 37.4 percent to over 83,100 and 14,800, respectively. Most of the dissolved companies were those with the capital of below 10 billion VND.

Over 250 enterprises participate in Vietnam International Industrial Fair

The 27th Vietnam International Industrial Fair (VIFF 2018) officially opened in Hanoi on October 23, attracting the participation of over 250 enterprises.

 

Technology assessment in 50 Bac Giang’s enterprises

(BGO) – The Department of Science and Technology has coordinated with the Management Board of Industrial Parks in Bac Giang province to survey and assess the current condition and origin of the production machine, equipment and technology in 50 enterprises operating in the province.

 

Bac Giang: Ideal destination for RoK’s enterprises

(BGO) With its advantages of geographical location, transportation, human resources and improved investment climate, Bac Giang is in the top 10 nationwide in foreign direct investment (FDI) attraction. Most FDI enterprises in the province have quickly come into effective operation after finalizing investment procedures and made significant contributions to the economic development of the province, especially Korean companies.

 

Industrial promotion gives strength to enterprises to improve technology

(BGO) – Industrial promotion activities have brought about many practical effects, creating a boost for production and business, step by step affirming the role of rural industrial development, and providing timely and effective support for businesses in Bac Giang province.

 

Over 14 trillion VND lent to enterprises to develop production and business

(BGO) – According to the State Bank of Bac Giang province, so far the commercial banks in the province have disbursed  over 14 trillion VND (over 600 million USD) to nearly 1,500 enterprises who borrowed the capitals for production and business development, up more than 1 trillion VND (42.9 million USD) comparing to the late period last year. 

 

Source: VNA