Newly-established enterprises up 6.3% in seven months

Unveiling the statistics on July 29, the General Statistics Office reported that the average registered capital of a new enterprise throughout the reviewed period stood at VND9 billion, a decline of 3.6% year on year.

The agency also noted that about 44,300 businesses resumed operations in the reviewed period, an increase of 4.7% year on year, thereby bringing the total number of newly-established businesses and firms returning to operation in seven months to 139,500, up 5.8% over 2023.

Over 35,500 businesses stopped operations to wait for dissolution procedures, down 1.5%.

Meanwhile, the General Statistics Office also reported that the index of industrial production (IIP) maintained its upward trend in July, inching up 0.7% month on month and 11.2% year on year.

The July figure drove up the seven-month IIP to 8.5% compared to the same period last year, which was mainly contributed by processing and manufacturing.