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According to the General Statistics Office's report on the socio-economic situation, in October, there were 12,200 newly established enterprises with the registered capital of VND 165,600 billion (US$7,100 mln), up 18.4% regarding the number but down 18.5% regarding the value of registered capital, Zing News reported.
"The situation on business registration in October showed positive signs compared to the previous month", said the General Statistics Office.
|Shops in Hanoi close during social distancing time. Photo: Giang Huy/ VNExpress|
Generally, in the first ten months of 2020, there were 111,200 newly established enterprises with a total registered capital of VND 1,594 billion (US$68,8 mln). The average registered capital of a newly established enterprise reached VND 14.3 billion (US$ 617,2 mln).
There were 37,700 enterprises returning to operation, 41,800 enterprises registering to suspend business for a definite period; 30,300 waiting for dissolution, and 13,500 completing dissolution procedures.
Thus, in the first ten months, 85,600 enterprises closed, representing a 15.1% year-on-year increase. On average, about 8,600 businesses had to close each month.
|COVID-19 has exerted bad impacts on Vietnamese enterprises. Photo: Viet Hung/via Zing News.|
Meanwhile, the consumer price index (CPI) in October rose by 0.09% over the previous month, mainly due to the increase in the price of education services and the impacts of storms and floods in the central region.
The increase of 0.09% of CPI in October is the lowest increase in the 2016-2020 period. The average CPI in the first ten months increased by 3.71% over the same period last year.
Core inflation in October increased by 0.07% over the previous month and by 1.88% over the same period last year. The average core inflation in the first ten months rose by 2.52% over the same period in 2019.
The gold price index in October declined by 1.1% over the previous month but increased by 30.91% and 29.63% over December 2019 and the same period last year respectively. The USD price index in October increased by 0.07% over the previous month and decreased by 0.13% over the same period last year.
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