The number of companies set up during the first 11 months of this year was down year-on-year but total registered capital increased, according to the General Statistics Office.

Nearly 124,300 new companies with total registered capital of nearly VND1.88 quadrillion (over US$81 billion) were established between January and November, down 1.9% in number but up 19.3% in capital.

Meanwhile, 40,800 enterprises resumed operations during the period, a rise of 10.7% year-on-year.

This means there were about 15,000 enterprises established or resuming operations each month.

There were also 93,500 businesses suspending operations during the 11-month period, up 15.6% year-on-year.

Some 13,100 businesses were established in November alone with combined capital of VND284.8 trillion, up 7.3% and 72%, respectively, against October.

Average registered capital was VND21.8 billion, up more than 60% month-on-month.

While 5,314 companies returned to business in November, 2,771 others ceased operations, data shows.