Over 10,100 firms established in February

Over 10,100 enterprises were established in February with total registered capital of nearly VND136.4 trillion ($5.32 billion), according to the Ministry of Finance’s National Statistics Office.

The figure represents a year-on-year rise of 34.4% in the quantity and a 2.1-fold increase in value.

It brings the total number of firms established in the first two months of the year to nearly 20,800 with total registered capital of over VND230.4 trillion ($8.99 billion), up 4.9% year-on-year in quantity but down 8.9% in capital.

Existing enterprises resuming operations in the past two months reached nearly 29,100, surging 53.2% compared to the same period last year.

The first two months also saw almost 56,900 businesses registering for a temporary suspension of operations, soaring 15.5% year-on-year.