The General Statistical Office has just published the report on the socio-economic situation in April and the first 4 months of 2022. Accordingly, start-up activities flourished in April.
As of April, there were 15,000 newly established enterprises, with a total registered capital of Dong 164.1 trillion and a labor registration number of 104.8 thousand employees. Compared to March 2022, the number of new companies increased by 4.9%, the registered capital decreased by 15.3% and the number of employees increased by 11.7%. At the April regular government meeting held on April 29, Minister of Planning and Investment Mr. Nguyen Chi Dung said one of the bright spots in the economic picture over the past month has been the number of successful companies. The re-establishment reached the highest level of all time.
In addition, there were 7,034 businesses across the country that resumed operations, up 63.6% month-on-month and up 22.4% compared to the same period in 2021. If the number of companies resuming operations is included, it will be April 2022 is twice the number of companies withdrawing from the market.
Trade registration status in the first 4 months of 2022. Source: General Statistical Office
In general, in the first four months of 2022, the number of newly established companies increased by 12.3% compared to the same period in 2021, the number of companies that resumed operations increased by 60.6% and the Number of companies completing liquidation procedures down by 17.5. %.
The average registered capital of a newly established company reached VND12.8 billion in the first 4 months of 2022, down 9.9% from the same period in 2021. In addition, there were 30.9 thousand companies that started operating again. Activities, bringing the total number of newly formed companies and companies restarted in the first 4 months of 2022 to 80.5 thousand companies, an increase of 26.9% compared to the same period last year is equivalent to. On average, 20.1 thousand companies are created and restarted every month.
Also in April, 5,391 companies were registered to temporarily suspend operations, up 81.1% month-on-month and a 17.2% increase over the same period in 2021. Thus, in the first 4 months of the year, 41,000 companies were suspended for a indefinite period, a 44.6% increase from the same period in 2021, and 15,000 companies suspended operations to await winding-up proceedings, a decrease by 8.7% compared to the same period in 2021.
The Minister of Planning and Investment also said: “The above results show that the socio-economic recovery and development policies of the National Assembly and the government are in the right direction and are effective and inspire confidence for the people and the business community. Start-up activities flourished”.