These numbers represented a 7 percent year-on-year reduction in the number of new businesses but a 53.8 percent increase in capital.

As many as 10,079 enterprises registered to be set up in the first month of this year with total registered capital of 151.1 trillion VND (6.5 billion USD).

In January, the average registered capital per enterprise reached 15 billion VND, up 64.8 percent, while the number of registered employees at newly established enterprises was 107,914, an increase of 26.5 percent compared to the same period last year.

During the month, total registered capital of enterprises was 635.1 trillion VND, a year on year increase of 0.8 percent, including 151.1 trillion VND from the new firms and 484 trillion VND (up 121.9 percent) from existing enterprises adding capital.

As many as 8,465 firms resumed operations in January, up 84.5 percent against the same period last year, raising the total number of businesses newly established and resuming operations to over 18,500.

The number of enterprises which have completed disclosure procedures rose by 16 percent to 1,802.

However, 10,804 companies temporarily suspended operations, up 25.3 percent year on year. In January, there were 4,767 businesses not operating at their registered address. This is a new criterion for 2019.

Support women in business startup

(BGO) – Implementing the member support programme in 2019, the Bac Giang provincial Women’s Association has disbursed the budget of “Supporting women in business startup and development”. 

 

Top 10 business events that shape Vietnam in 2018

Look back at the business events that had major impact on Vietnam in 2018.

 

Youngsters establish business at hometown

(BGO) – To lure the young generation start the business at the hometown, the Ho Chi Minh Communist Youth Union (HCMCYU) in Tan Dan town, Yen Dung district (Bac Giang province) has appealed and gathered the youngsters to set up the club helping each other develop the economy since 2016.

 

Vietnam Business Forum to convene year-end session on December 4: VCCI

The year-end session of the Vietnam Business Forum will convene in Hanoi on December 4, according to the Vietnam Chamber of Commerce and Industry (VCCI).

 

Project helps develop tech business incubators in Vietnam

The Support to the Innovation and Development of Business Incubators Policy Project (BIPP), partly funded by the Belgian Government, has proved effective after nearly five years of implementation in Vietnam.

 

Source: VNA