Nearly 47,000 businesses set up in seven months

Nearly 47,000 businesses in Vietnam were established in the first seven months of this year, according to the General Department of Taxation.

Of the sum, private firms accounted for the majority with 42,349.

About 940 enterprises that suspended operations in the first half of the year restarted business last month.

Pre-tax profits for all enterprises in Vietnam in the second quarter stood 2.5% higher than in the first quarter. Pre-tax profits earned by state-owned enterprises increased by 5.8% over the first quarter of the year.