Vietnam had 79,300 newly-established businesses with a combined registered capital of VND 999.4 trillion (USD 42.97 billion) in the first seven months. (Photo for illustration) 

The average registered capital of each newly-established firm was VND 12.6 billion, up 23.9 percent, the highest level in recent years.

As many as 24,300 businesses resumed operation, up 29.9 percent against the same period last year.

In the economic sector, 1,100 businesses were established in agriculture, forestry and aquaculture, 21,600 in industry and construction, and 56,600 in services, accounting for 1.4 percent, 27.2 percent and 71.4 percent respectively of the total newly-established firms.

Major economic regions reported an increasing number of newly-established businesses such as the Red River Delta (7.2 percent), the north-central and central coastal region (6.8 percent), and the Central Highlands (10.3 percent).

Source: VNA