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Number of new business registrations rises by forty-five percent

ASEAN NOW News

By ASEAN NOW News
in Vietnam News

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ASEAN NOW News

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Vietnam-Briefing-Overview-of-the-Labor-Market-in-Vietnam.jpg.a2e47787d433d79e801e35f701e7bc6c.jpg

 

A worker is seen at the construction site (FILE PHOTO) 

 

The number of new businesses reached 11,902 this month, up 44.6 percent from last month, indicating a recovery from the fourth Covid-19 wave starting late April.

 

They registered a total capital of VND149.9 trillion, up 38 percent.

 

Registered employee numbers hit 76,600, up 30 percent.

 

In the first 11 months, 105,600 new businesses were registered, down 15 percent year-on-year.

 

A total 52,100 business suspended operations in the period, up 17.3 percent year-on-year.

 

Vietnamese-factory-workers.jpg.0c6a725288052ec3d3b7636697baf500.jpg

(file photo)

 

This means an average month saw 13,300 companies joining the market, and nearly 9,700 leaving.

 

Join our 3 x a week Vietnam News, Travel and Expat information newsletter and keep up to date. https://aseannow.com/newsletter.php

 

 

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