Nearly 6,900 new businesses set up in February

Around 6,900 businesses were established in February across the nation with a total registered capital of over 45.8 trillion VND (2.2 billion USD), up 0.47 percent and 44.6 percent from January, respectively.

Many new businesses were established in February. (Photo for illustration: vtv.vn)

According to the Business Registration Management Department under the Ministry of Planning and Investment (MPI), average registered capital per business expanded by 43.5 percent to 6.6 billion VND (309,000 USD). Meanwhile, 93,647 employees were registered with the new businesses, 9.5 percent lower than the previous month.

All regions of the country, with the exception of the Central Highlands, recorded an increase in the number of new firms compared to the same period last year. The Red River Delta experienced the highest growth of 41.9 percent.

The establishment of business in arts and entertainment, real estate, and agriculture, forestry and fishery was on the rise while fewer firms in health and social aid sectors were registered from the figure one year ago.

Meanwhile, over 1,060 businesses, most of which with registered capital below 10 billion VND (468,000 USD), were dissolved or stopped operation in February, up 6.9 percent from January, while nearly 4,400 temporarily closed during the month, a 55.1 percent drop.

The figure brought the number of temporarily closed companies in the first two month of 2015 up to 14,040, an annual surge of 25 percent.

During the same period, around 4,370 businesses returned to operation, up 20.2 percent from the previous year.

Source: VNA