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Up to 109,611 new enterprises were formed in the first 10 months of this year, with total capital of more than VND1.11 quadrillion (US$48.1 billion).
The figures marked a year-on-year increase of 4.3% in the number of businesses and 9.2% in capital, according to the General Statistics Office under the Ministry of Planning and Investment.
In October alone, 13,000 firms were founded with accumulated capital of VND152.5 trillion (US$6.5 billion).
During the January-October period, the average capital for an enterprise reached VND10.2 billion (US$438,600), up 4.7% over the same period last year.
In addition, 27,935 firms resumed operations, up 22.7% year-on-year, raising the total number of new and resumed enterprises to 137,500.
VNA
