More than 26,700 enterprises were established in Vietnam in the first three months of the year, with total registered capital of nearly VND278.5 trillion (US$12.25 billion), according to the Agency of Business Registration under the Ministry of Planning and Investment.
The numbers were up 1.2% and capital rose 2.7% against the same time last year. Average registered capital for each business exceeded VND10 billion (US$440,000). The firms employed 225,389 workers, down 22.7% year-on-year.
The number of new firms was concentrated mainly in the wholesale, retail, automobiles and motorbike repairing sectors with 9,200 companies, 34% of the total.
There were 3,600 enterprises in construction, or 13%, and more than 3,200 businesses in the manufacturing and processing industry, making up 12%.
Of the registered capital, real estate attracted the most with VND79 trillion (US$3.48 billion), more than 28% of total capital. The construction sector came second with more than VND42 trillion (US$1.85 billion) or 15%, followed by the wholesale, retail, automobiles and motorbikes repairing sectors with VND38.5 trillion (US$1.69 billion) or 13.8%.
Also in the period, some 8,449 enterprises resumed operations while 8,115 ceased operations or were awaiting dissolution and 3,321 others completed dissolution procedures.VNA