Jan-Apr sees over 60,000 new market entrants

This month alone saw the introduction of nearly 14,900 startups, with total registered capital of nearly VND167 trillion (US$7.2 billion), up 19% and 30.3%, month-on-month, respectively.

In the January-April period, newly established enterprises had total registered capital of VND542.4 trillion, marking an increase of 31.7% over the same period last year.

In addition, active enterprises have injected more capital, at VND872 trillion in total, bringing the total fresh capital registered in the four-month period to nearly VND1,400 trillion.

Meanwhile, more than 16,980 enterprises have suspended their operations, up 19.7% against the year-ago period, while 17,300 others have begun dissolution proceedings.

Some 5,300 firms have completed dissolution procedures, marking a 12.9% rise versus the same period last year.