More than 10,000 new enterprises were established throughout January with registered capital of VND155.1 trillion, according to data released by the General Statistics Office (GSO). 

In line with the figure, the total new and additional registered capital by firms in January recorded an annual increase of 10.5% to VND395.1 trillion.

The GSO reported that the average registered capital of a new enterprise in January reached a sum of VND15.4 billion, a rise of 3.2% in comparison to the same period from last year.

Furthermore, the GSO outlined that a total of 6,503 enterprises resumed operations in January, thereby representing a decline of 23.2% on-year. This figure brings the total number of newly-established enterprises and businesses returning to operate in January to 16,594, marking an annual fall of 0.9%.

Despite this, 25,752 enterprises either suspended their operations or are poised to finalise dissolution procedures, up 36.4% compared to last year’s corresponding period.