Business registrations surge 5% y-o-y in first five months

Business News

Business registrations surge 5% y-o-y in first five months

Tuesday, June 19,2018

AsemconnectVietnam - Thailand saw an increase of 5% in the registration of new businesses during the first five months of this year compared to the same period last year, according to the Department of Business Development (DBD).

In May, a total of 5,865 new businesses were registered with the Ministry of Commerce, an increase of 1% year-on-year, with a combined registered capital of 21.09 billion baht. The top three businesses were construction, real estate, and restaurants.

The increase was in line with the country’s economic expansion triggered by exports, tourism, government spending on basic infrastructure, and the establishment of the Eastern Economic Corridor (EEC).

Between January and May this year, the number of newly-registered businesses was no fewer than 31,000, accounting for an increase of 5%, said DBD Director-General Kulanee Issadisai, expressing her confidence that the number of new businesses will top 80,000 this year thanks to the Ministry of Commerce’s economic measures and policies.

She added that 1,014 businesses were deregistered in May which was a decrease of 6% compared to the same month in 2017.

Source: Vov.vn

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Business activities of securities companies in May 2023
OCB AGM: Target VND6,000 billion profit before tax and increase capital to VND20,548 billion in 2023
Hodeco (HDC): Profit decreased by 67.9% to VND31.49 billion in Q1/2023
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Vingroup (VIC) reached VND4,264 billion consolidated pre-tax profit in Q1/2023, up 121% yoy
MBBank (MBB) will increase capital to VND53,683 billion
Ha Do (HDG) estimated to reach VND250 billion profit after tax in Q1/2023
PNJ achieved VND749 billion profit after tax in Q1/2023
VietinBank will increase charter capital to VND60,387 billion or over VND66,000 billion
KienlongBank (KLB) aims to reach VND700 billion pre-tax profit in 2023
Bao Viet Securities (BVSC) target VND155.7 billion profit after tax in 2023
Vincom Retail (VRE) recorded VND1,024 billion consolidated profit after tax in Q1/2023
TPBank (TPB): Profit before tax reached VND1,765 billion in Q1/2023, up nearly 9% yoy
Vinhomes (VHM) recorded VND11,923 billion profit after tax in Q1/2023
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