Over 153,000 firms opened in 2017The number of newly-established firms and firms resuming operations set a record in 2017 with more than 153,000 companies with total registered capital of 3.16 quadrillion VND (139 billion USD). Accordingly, the total number of new firms was nearly 127,000 with total registered capital of 1.3 quadrillion VND, posting increases of 15.2 percent and 45.4 percent, respectively, compared with last year. Average registered capital was 10.2 billion VND per company in 2017, increasing 26.2 percent from the previous year. "The number of new firms and registered capital has been on an upward trend in the 2011-17 period. The number of workers at new firms in 2017 was more than 1.16 million, reducing 8.4 percent from last year.

Source: VietNamNet News December 27, 2017 04:07 UTC