Investment
Over 110,000 new firms established in 2016
As of December 20, the number of newly-established firms reached a record high of 110,100 this year, up 16.2 percent from 2015, according to the Business Registration Management Agency under the Ministry of Planning and Investment
The Ministry of Planning and Investment said the registered capital by these new enterprises also rose by 48.1% to over 891 trillion VND (over 39 billion USD.
The average registered capital per business was 8.09 billion VND (355,000 USD), up 48.1% as compared to last year.
The number of businesses resumed operations in 2016 reached 26,689, up 43.1 percent from 2015.
Several areas of business saw increases in the number of newly-established enterprises, including the real estate (up 83.9%), health and social assistance activities (up 52%), education and training (up 43.1%).
Meanwhile, some areas reduced the number of new registrations over the same period, such as arts and entertainment (down 26.2%); and agriculture, forestry and fisheries (down 15%).
According to the Ministry of Planning and Investment, the figures reflect the recent growth of Vietnamese enterprises and improvements in the investment climate, creating an impetus for the country’s economic development in the period of international integration.
The newly-established firms create jobs for nearly 1.3 million workers. Most of them operate in real estate, health care and social assistance, and education and training.
The number of enterprises which registered online reached 14%, exceeding targets set by the Government's Resolution on e-government, according to the Business Registration Management. .
Hanoi and Ho Chi Minh City witnessed the highest numbers of new businesses, with 36,442 and 22,663, respectively, accounting for 53.7 percent of the total figure.
They are followed by Binh Duong, Da Nang, Dong Nai, Hai Phong and Khanh Hoa.
The increasing trend was fueled by the Investment Law and the Enterprise Law 2014, which speculates a business registration period of no more than three days.
The average registered capital per business was 8.09 billion VND (355,000 USD), up 48.1% as compared to last year.
The number of businesses resumed operations in 2016 reached 26,689, up 43.1 percent from 2015.
Several areas of business saw increases in the number of newly-established enterprises, including the real estate (up 83.9%), health and social assistance activities (up 52%), education and training (up 43.1%).
The real estate saw a strong increase in the number of newly established enterprises.
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According to the Ministry of Planning and Investment, the figures reflect the recent growth of Vietnamese enterprises and improvements in the investment climate, creating an impetus for the country’s economic development in the period of international integration.
The newly-established firms create jobs for nearly 1.3 million workers. Most of them operate in real estate, health care and social assistance, and education and training.
The number of enterprises which registered online reached 14%, exceeding targets set by the Government's Resolution on e-government, according to the Business Registration Management. .
Hanoi and Ho Chi Minh City witnessed the highest numbers of new businesses, with 36,442 and 22,663, respectively, accounting for 53.7 percent of the total figure.
They are followed by Binh Duong, Da Nang, Dong Nai, Hai Phong and Khanh Hoa.
The increasing trend was fueled by the Investment Law and the Enterprise Law 2014, which speculates a business registration period of no more than three days.
