Newly-registered labourers in May down 24.5 percent

A total of 80,500 workers were registered at newly-established businesses in May, down 24.5 percent year-on-year, according to the General Statistics Office (GSO).


Newly-registered labourers in May down 24.5 percent, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Workers at a company specialising in production of electronic products and spare parts in Hai Phong city


The GSO reported that the number of workers at State-owned enterprises fell by 0.4 percent in the first four months of 2018.

The figures for non-State enterprises and foreign direct investment (FDI) firms respectively rose by 4.3 percent and 4.2 percent in the period. 

Meanwhile, the number of labourers in industrial firms increased 3.8 percent compared to the same period last year. 

According to the Business Registration Management Department under the Ministry of Industry and Trade, a total of 11,027 businesses with combined registered capital of 104.8 trillion VND (4.61 billion USD) were established in May.

The figures represent decreases of 24 percent in number and 21.5 percent in capital compared with April.

In the month, 2,306 businesses resumed operations, down 29.7 percent and 6,855 enterprises temporarily stopped operations, up 11.7 percent. Meanwhile, 834 others completed dissolution procedures, down 39.5 percent month-on-month. 

The number of newly-established enterprises in the first five months rose by 3.5 percent year-on-year to 52,322, with total registered capital of 516.9 trillion VND (22.77 billion USD).

Large numbers of new enterprises were seen in sectors such as wholesale and retail, repair of cars and motorcycles, processing and manufacturing and construction.

Twelve sectors saw an increase in newly established enterprises in the first five months. The real estate trading sector had the highest growth in the number of new enterprises at 41.1 percent. 

The sector also saw the highest development in registered capital of new firms, accounting for some 29 percent of the total registered capital.

Sectors such as electricity production and distribution, real estate trading, finance-banking and mining led in terms of average capital per enterprise.-VNA

Newly-registered labourers in May down 24.5 percent, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news
 
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