Economy

Real estate business increases up to 60.5 percent

The Ministry of Planning and Investment reported that the country had nearly 11,000 newly established companies in November, 2017.  

(Illustrative photo:SGGP)

(Illustrative photo:SGGP)

From January to November, around 140, 394 nationwide enterprises were established and re-operated with total newly registered capital of US$ 119.5 billion. 

Of the number, around 41, 627 firms operated in the fields of business, retail, repairing, automobiles and motorbikes, accounting for 35.9 percent; 14,846 enterprises in the sectors of processing and manufacturing industry accounted for 12.8 percent; 14,695 companies in construction accounted for 12.7 percent and 8,663 ones in the sectors of science and technology; consulting services, design, advertisement and other professional accounted for 7.5 percent etc…

The average density of registered capital per an enterprise reached at VND 9.8 billion in the first 11 months of 2017, up 24.3 percent compared to the same period last year. 

This year’s rate of enterprise increase in real estate sector accounted for 60.5 percent over the same period of 2016.

In the first eleven months of 2017, total newly registered capital of real estate increased up to VND 314, 2 trillion, accounted for 27.8 percent of total registered capital of the country. 

Aside from real estate, the fields of business, retail, repairing, automobiles and motorbikes had total registered capital of VND 182 trillion accounted for 16.1 percent, and  total registered capital of construction was at VND 155.3 trillion. 


BY ANH PHUONG- Translated by Huyen Huong

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