As many as 17,400 enterprises registered to set up in the first two months of this year, up 9.1% over the same period in 2019, according to the General Statistics Office.
These newly established enterprises registered a total investment capital of VND220 trillion (US$9.5 billion), down 11.1%, and a total number of workers of 157,500, down 3.9% over the same period last year.
The average registered capital per enterprise was VND12.6 billion (US$545,400), a decrease of 18.5% over the same period last year.
During the two-month period, 5,700 operating enterprises expanded their investment capital by a total VND421 trillion (US$18.2 billion), raising the total investment capital into the economy to VND641 trillion (US$27.7 billion) in the first two months of the year, down 26.2% over the same period last year.
In addition, 11,900 enterprises resumed their operation in the first two months of this year, up 17.1% compared to the same period in 2019.
Several areas saw increasing numbers of new enterprises including wholesale, retail, automobile and motorcycle repair, construction, and the processing and manufacturing industry.
However, in the first two months of this year, 16,200 enterprises temporarily suspended their operation, up 19.5% over the same period last year, 9,400 enterprises ceased operation to wait for dissolution procedures, down 31.4%, and 2,800 enterprises completed dissolution procedures, down 11.1%.