More than 11,000 new firms established in MayA total of 11,027 businesses with combined registered capital of 104.8 trillion VND (4.61 billion USD) were established in May, according to the Business Registration Management Department under the Ministry of Industry and Trade. The average capital of an enterprise reached 9.5 billion VND, a month-on-month surge of 3.3 percent. The average capital for an enterprise was 9.9 billion VND (435,600 USD), a year-on-year rise of 2.8 percent. The sector also saw the highest development in registered capital of new firms, accounting for some 29 percent of the total registered capital. Sectors such as electricity production and distribution, real estate trading, finance-banking and mining led in terms of average registered capital per enterprise.

Source: VietNamNet News May 30, 2018 04:18 UTC