31-Dec-2021 Intellasia |
Nhandan |
5:02 AM
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The number of newly established enterprises in the fourth quarter was estimated at 31,400, with a total registered capital of 415.3 trillion VND (18.2 billion USD), up 70.4 percent in quantity and 64.1 percent in capital from the previous three months.
Such vast improvements were recorded just two months after Vietnam adopted the policy of adaptation to the pandemic in a safe and flexible manner, said the general Statistical Office (GSO).
Overall Vietnam saw 116,800 new enterprises in 2021, down 13.4 percent against 2020, while registered capital by such companies fell by 27.9 percent to 1,611.1 trillion VND (70.6 billion USD).
The average capital of new enterprises in 2021 was 13.8 billion (600,000 USD), down 16.8 percent from a year earlier.
In 2021, the number of enterprises returning to business were 43,100, down 2.2 percent year-on-year.
On the opposite side, nearly 55,000 enterprises were forced to suspend their operations temporarily, up 18 percent against the previous year due to the impacts of COVID-19.
Another 48,100, halted their operations and are awaiting the completion of dissolution procedures, a year-on-year rise of 27.8%.
According to a GSO survey of the manufacturing sector’s business situation in the fourth quarter, 44 percent of enterprises saw a better situation, than the July-September period.
Nearly one in four (24.9%) said they faced difficulties, while the remaining 31.1 percent reported a stable production and business situation.
As for the outlook in the first quarter of 2022, 45.6 percent foresee improvements, while only 18.3 percent expect the situation to become more difficult.
https://en.nhandan.vn/business/item/10989602-vietnam-sees-new-firms-up-70-4-in-fourth-quarter.html
Category: Business, Vietnam
Article source: https://www.intellasia.net/vietnam-sees-new-firms-up-70-4pct-in-fourth-quarter-1002512