Bac Ninh sees rise in number of newly-established firms
As many as 2,390 newly-established firms and 771 subordinate units with a total registered capital of over 24.12 trillion VND (1.04 billion USD) were set up in northern Bac Ninh province last year, up 2 percent in number and 8.6 percent in capital.
Hanoi (VNA) – As many as 2,390 newly-establishedfirms and 771 subordinate units with a total registered capital of over 24.12trillion VND (1.04 billion USD) were set up in northern Bac Ninh province lastyear, up 2 percent in number and 8.6percent in capital.
The average registered capital of a new business reached10.1 billion VND, up 8.95 percent from the previous year.
The rate of online business registration reached 90.46percent, placing the province the sixth nationwide.
As many as 3,320 enterprises and 384 affiliates applied forchanges in business registration while 244 other companies and 259 subordinateunits voluntarily dissolved. A total of 772 companies and 115 affiliatessuspended their operations.
By the end of 2020, Bac Ninh was home to 18,879 firms with atotal registered capital of over 284.35 trillion VND, more than 18,200 of themare working with a combined registered capital of over 280.7 trillion VND./.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At a company in Bac Ninh province (Photo: VNA) 
