Vietnam reports increases in new enterprises in all sectors for first time this year

Illustrative image (Photo: VNA)

According to the Ministry of Planning and Investment, more than 13,700 companies were newly founded during the month, with a total capital of nearly 139.15 trillion VND (6 billion USD), up 27.9 percent and 23.4 percent, respectively.

Those in education and training rose 58.8 percent year-on-year, with capital up 133.2 percent.

A similar trend was seen in accommodation and catering services, which recorded an increase of 45.3 percent in the number of new enterprises and a 305.9 percent rise in registered capital compared to the same period last year. In real estate, the number of newly-established enterprises grew 44.5 percent while registered capital was up 41.5 percent.

In the first half of this year, more than 62,000 enterprises were newly founded nationwide, a year-on-year decline of 7.3 percent, compared to -10.5 percent in the first five months and -13.2 percent in the first four months.

Source: VNA