Vietnam’s new businesses hit 5-year high
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Newly established enterprises injected VND669.7 trillion (US$28.8 billion) into the economy |
These enterprises injected VND669.7 trillion (US$28.8 billion) into the economy, up 29.6% over the same period of last year.
The total amount of capital poured into the economy would be nearly VND1.7 quadrillion (US$73.1 billion) if an additional VND987.4 trillion (US$42.5 billion) registered by existing companies was included.
The number of workers employed by new enterprises in the first five months of 2019 totalled 537,200, up 30.2% over the same period of 2018.
The January-May period also saw 19,600 enterprises returning to business, up 48.1% year on year.
It is noted that the number of enterprises filing for temporary closure in the first five months was 19,100, up 19.4% compared with the same period of last year.
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