The National Statistics Office said on Thursday that newly registered businesses had total registered capital of more than VND 1.352 quadrillion (about USD5 1.4 billion), up 64.8 per cent year-on-year.
Including nearly VND 3.1 quadrillion in additional registered capital, total capital injected into the economy rose 11.3 per cent from the same period last year. Average registered capital per new business increased 34.5 per cent to VND 12.1 billion.
More than 58,100 businesses resumed operations during the six-month period, bringing the total number of market entrants to over 169,800, up 11.2 per cent year-on-year. On average, about 28,300 businesses entered the market each month.
In June, more than 16,800 businesses were established with VND286.3 trillion in registered capital. New registrations fell 1.1 per cent from May, while registered capital rose 1.9 per cent and employment increased 8.8 per cent. Average registered capital reached VND17 billion per business, up 62 per cent year-on-year.
Another 13,600 businesses resumed operations in June, up 49.5 per cent from the previous month.
Agriculture, forestry and fisheries recorded the fastest growth in new business registrations during the first half, up 41.6 per cent, followed by industry and construction (37.2 per cent and services (18.1 per cent).
Business closures remained high, with an average of 25,200 firms exiting the market each month. In the first half, 85,900 businesses suspended operations, up 6.3 per cent year-on-year, while 41,200 ceased operations pending dissolution and nearly 24,000 were dissolved, up 94.7 per cent. Dissolutions in June alone rose nearly 80 per cent from a year earlier
A second-quarter survey showed improving confidence in the manufacturing sector, with 79.7 per cent of firms reporting stable or better business conditions. Some 83.4 per cent expected conditions to remain stable or improve in the third quarter, including 85.2 per cent of foreign-invested firms
The survey also found that 84.8 per cent of manufacturers expected production to increase or remain stable next quarter, while 84.6 per cent anticipated stable or rising new orders and 84.7 per cent expected export orders to hold steady or improve.