Business formations in Vietnam surge 36% m/m in May
The number of newly established enterprises in Vietnam in the first five months of 2020, however, was down 10.5% year-on-year to 48,300.
The number of newly established enterprises in Vietnam in the first five months of 2020, however, was down 10.5% year-on-year to 48,300.
Total capital added to the economy by companies between January and February was VND641 trillion (US$27.75 billion).
Average registered capital per newly-established enterprise reached VND12.5 billion (US$540,889) during this period compared to the past few years, up 11.2% year-on-year.
If including VND2,101.3 trillion (US$90.85 billion) of additionally capital pumped by operational enterprises, total registered capital added to the economy in Jan-Nov was VND3,675.7 trillion (US$158.92 billion).