94,500 operational firms recorded in January-JulySome 94,500 enterprises have been newly established or have resumed operations so far this year, according to the General Statistics Office (GSO). As many as 2,970 companies have also opened their doors again after suspension, while nearly 8,000 others have suspended their operations. Between January and July, the country has had roughly 75,800 new companies with registered capital of VND771.1 trillion (US$33.1 billion), rising by 3.9% and 11.6%, respectively, from a year earlier. Operational companies have so far registered an additional VND1,460 trillion (US$62.8 billion) to fund their expansion plans, bringing the total freshly pledged capital to over VND2,231 trillion (US$96 billion), in the period. New companies have registered to employ 623,500 people, down 13.5% compared with the same period last year.

Source: VietNamNet News July 30, 2018 10:18 UTC