Nearly 54,000 new businesses established in first five months of 2019

According to the General Statistics Office of Vietnam there were nearly 54,000 newly-established firms with the total capital of nearly VND 670, 000 billion (US$ 28.6 billion) in the first five months, an increase of 3.2 percent in quantity and 29.6 percent in term of capital compared to the same period last year.

(Illustrative photo:SGGP)

(Illustrative photo:SGGP)

10,700 new businesses were established in May, 2019 with a registered capital of VND 127,300 billion (US$ 5.4 billion).

In May, around 19,600 enterprises returned to operation, up nearly 50 percent over the same period last year. The number of newly registered and re-operated enterprises in the period climbed over 73,600 enterprises.

BY HAN NI– Translated by Huyen Huong

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