Newly established firms grow at fastest pace since 2017

Newly established firms grow at fastest pace since 2017

HÀ NỘI — The number of new enterprises established in the first four months of  二0 二 一 rose  一 七. 五 per cent from a year earlier, the fastest growth since  二0 一 七, and it increased in all economic sectors, according to the General Statistics Office (GSO).

Between January and April, nearly  四 四, 二00 new firms were set up with VNĐ 六 二 七. 七 trillion (US$ 二 七. 二 billion) worth of capital and  三 四0, 三00 employees registered, up  一 七. 五 per cent,  四 一 per cent, and  七. 八 per cent, respectively, from the same period last year.

The registered capital averaged VNĐ 一 四. 二 billion per business, rising  二0 per cent year on year.

The total capital poured into the economy topped VNĐ 一. 四 二 quadrillion in the first four months, including VNĐ 七 九 二. 九 trillion of additional capital from  一 四, 九00 existing businesses.

Nearly  一 九, 三00 enterprises also resumed operations, growing by  八 per cent from a year earlier, the GSO reported.

In April alone, the number of newly established firms stood at approximately  一 四, 九00, registering VNĐ 一 七 九. 九 trillion worth of capital and  九 四, 六00 employees. These figures respectively went up  三 三. 一 per cent,  五 九. 一 per cent, and  三0 per cent from the previous month.

The registered capital averaged VNĐ 一 二. 一 billion per business, rising  一 九. 六 per cent month on month and  一. 七 per cent year on year.

As many as  五, 七 四 五 companies resumed operations in April, up  五0. 八 per cent 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 Phạm Đình Thúy 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 Việt Nam and the EU.

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, Thúy added. — VNS