Vietnam saw nearly 44,200 new firms set up in the first four months of 2021, up 17.5 percent year on year (Photo: VNA)
– The number of new
enterprises established in the first four months of 2021 rose 17.5 percent from
a year earlier, the fastest growth since 2017, and it increased in all economic
sectors, according to the General Statistics Office (GSO).
Between January and April, nearly 44,200 new
firms were set up with 627.7 trillion VND (27.2 billion USD) worth of capital
and 340,300 employees registered, up 17.5 percent, 41 percent, and 7.8 percent,
respectively, from the same period last year.
The registered capital averaged 14.2 billion VND
per business, rising 20 percent year on year.
The total capital poured into the economy topped
1.42 quadrillion VND in the first four months, including 792.9 trillion VND of
additional capital from 14,900 existing businesses.
Besides, nearly 19,300 enterprises also resumed
operations, growing by 8 percent from a year earlier, the GSO reported.
In April alone, the number of newly established
firms approximated 14,900, registering 179.9 trillion VND worth of capital and
94,600 employees. These figures respectively went up 33.1 percent, 59.1
percent, and 30 percent from the previous month.
The registered capital averaged 12.1 billion VND
per business, rising 19.6 percent month on month and 1.7 percent year on year.
As many as 5,745 companies resumed operations in
April, up 50.8 percent year on year.
The GSO held that these are positive signs for
enterprise development in the time ahead.
To create further momentum, Director of the
GSO’s Industrial and Construction Statistics Department Pham Dinh Thuy said it
is necessary to stimulate investment among export manufacturers so as to ready
goods supply once global markets are reopened and to capitalise on chances
generated by free trade agreements, especially the one between Vietnam and the
He also pointed out the need to swiftly develop
supporting industries to ease the burden on the import of input materials.
Businesses expect the Government will invest
more in the transport system to boost the connectivity between key production
areas and international ports of entry, develop the logistics network, set up
technical centres to help companies meet export standards, and push ahead with
strongly improving the business climate, Thuy added./.