Vietnam licenses 59,000 enterprises in Jan-Aug

Vietnam licensed 59,000 companies with a combined registered capital of VND370 trillion (US$18.97 billion) in the first eight months of this year, up 28% in value from a year earlier, the Ministry of Planning and Investment (MPI) said.

In August, the country licensed 9,300 enterprises with a total registered capital of VND59.7 trillion, the MPI added, noting that the increase in the number of new businesses was resulted from a good signal of Vietnamese economy’s recovery.

The Southeast Asian country licensed 83,000 companies in 2009 despite the global economic downturn and it expects to have 540,000 businesses by late this year.

As of July 14, Vietnam had 460,000 enterprises, with 97% of which were small and medium-sized enterprises (SMEs) that created 90% of the national total jobs and contribute 40% of the country’s GDP.

Vietnam licensed 658 foreign-invested projects totaling US$10.79 billion and allowed 143 existing projects to add their capital by US$787 million during the period. (Financial Times)

Tags: Vietnam companies, Vietnam enterprises

Posted by VBN on Sep 4 2010. Filed under Enterprises. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry