Business closures hit 85,000 over eight months
VOV.VN - Approximately 85,500 enterprises have withdrawn from the market during the opening eight months of the year due to the impact of the COVID-19 pandemic, according to figures released by the General Statistics Office (GSO).
Among them, a total of 43,200 firms have temporarily suspended operations, marking an increase of 25.9%, while 30,100 businesses halted operations and are pending dissolution procedures, up 24.5%.
Roughly 12,200 enterprises have also completed dissolution procedures, representing an increase of 17.8% compared to the same period from last year with roughly 10,700 businesses leaving the market each month.
Most notably, the past eight months saw 24,000 businesses leave the market in Ho Chi Minh City, the nation’s largest COVID-19 hotspot, accounting for 28.1% of the overall figure and increasing by 6.6% compared to last year’s corresponding period.
The fourth national COVID-19 outbreak, along with consecutive social distancing periods, has severely disrupted production of local firms.
Meanwhile, only 81,600 new businesses were established during the reviewed period, with total registered capital reaching approximately VND1.133 trillion, a drop of 8% in relation to the number of enterprises and a fall of 7.5% in registered capital.
The number of businesses resuming operation since the beginning of the year has also decreased by 0.6% to 32,400 enterprises.
On average, some 14,300 businesses are newly established and resume operations every month.
