Vietnam registered 44,740 new enterprises with total capital of
VND349 trillion ($15.6 billion) in the first five months of this year,
an increase of 24.1 per cent in number and 59.3 per cent in capital
against the same period of 2015, according to the National Business
Registration Portal at the Ministry of Planning and Investment (MPI). 

Average capital stood at VND7.8 billion ($348,660), up 28.4 per cent
year-on-year. Nearly 532,000 jobs were created, an increase of 2.6 per
cent over the same period last year.

There were also nearly 13,000 businesses returning to the market after previously suspending operations.

The real estate sector recorded the highest growth, of 121.4 per
cent, with 1,076 new enterprises, followed by health and social welfare
with 198 new enterprises, for growth of 81.7 per cent.

The number in
entertainment and arts, meanwhile, fell significantly, by 26.5 per cent,
with 583 new enterprises being registered.

In terms of capital, real estate again saw the highest growth, of
456.3 per cent, with nearly VND86 trillion ($3.8 billion) in total,
followed by information and communications with VND15.2 trillion ($684.2
million), up 383.2 per cent.

Capital in new entertainment and arts enterprises was VND1.7 trillion
($77.3 million), down 42.2 per cent, while the construction sector had
VND48 trillion ($2.1 billion), down 26.9 per cent, the MPI said.

VN Economic Times