The registered capital dropped 39 percent compared with the previous month, while the number of newly established enterprises declined by 31 percent.
The ministry said the sharp decreases both in the number of new firms and registered capital were because September fell in July according to the lunar calendar, which is considered a “Ghost Month”, making people hesitate to establish a new firm.
However, in the first nine months of the year, the country had some 94,000 new firms with total registered capital of more than VND 900 trillion. The figures posted 15.4 percent and 43.5 percent year-on-year increases in terms of business number and amount of registered capital.
Average registered capital was VND 9.6 billion for each business in the January-September period, down 11.4 percent from the same period last year.
The number of laborers in the newly established companies in the period was 886,453, posting 4.5 percent year-on-year decrease. The ministry also reported that in the first nine months of the year, some 30,846 firms dissolved or ceased operations.
More than 21,100 enterprises also resumed their operation in the first nine months of the year.
One-member limited companies had the highest number with over 53,000 firms, accounting for 56 percent of the total number of newly-established enterprises in the nine-month period. However, one-member limited companies accounted for 33 percent of total registered capital of the new firms, with an average registered capital of VND 5.6 billion each, VND 4 billion lower than the average capital of all business types.
Two-member limited companies took the second position with some 22,000 firms accounting for 20 percent of the total. Their average registered capital was VND 8 billion each.
Average registered capital of newly-established joint stock companies was highest with VND 27 billion per firm.
The East Southern and Red River Delta regions had the highest number of new companies with 39,600 and 28.400 firms, respectively.
Source: VNA