Over 15.000 new firms make debut in May
VGP - Up to 15,100 new enterprises were established in May with a total registered capital of over VND156 trillion (US$6.73 million), according to the General Statistics Office (GSO).
Illustration photo
The above figures represent a year-on-year growth of 6.1 percent in the number of businesses; 16.6 percent in registered capital volume.
The newly established firms recruited 98,100 laborers, added the GSO.
In addition, over 45,000 enterprises resumed operation in the January-May period, representing a year-on-year increase of 32.2 percent.
Meanwhile, a total of 22,300 enterprises withdrew from the market in the first five months.
Last month, the Politburo issued Resolution No. 68 on the development of the private economy, considering the private economy as the most important driving force of the national economy.
The country will strive to to have 2 million operational enterprises, 20 enterprises operating/1,000 people by the end of this decade.
The average growth rate of the private economy is expected to reach about 10-12%/year, higher than the overall growth rate of the economy; contributing about 55-58% of GDP, about 35-40% of total State budget revenue, creating jobs for about 84-85% of the total workforce.
