Nearly 136,100 new firms established in Vietnam in 10 months

High-rise apartment buildings are pictured in Hanoi on Nov 6, 2024.- AFP

HANOI: Nearly 136,100 new enterprises were established in Vietnam in the first 10 months of 2024, a year-on-year increase of 1.9 per cent, according to the General Statistics Office.

The combined registered capital of those businesses reached over 1.3 quadrillion Vietnamese dong (US$51.1 billion), increasing 4.1 per cent year on year.

Among the newly-established firms, over 103,100 were in the service sector while nearly 31,600 were in the industry and construction sector.

Between January and October, over 66,200 firms resumed their activities.

However, in the same period, 17,300 firms were estimated to withdraw from the market each month, according to the office. - Xinhua