Nearly 60,000 firms temporarily suspend, stop operations in five months
Tuesday, 12:35, 01/06/2021
As many as 59,800 businesses temporarily suspended or stopped their operations to await dissolution procedures and completed dissolution procedures in the first five months of 2021, up 23% year-on-year.
The General Statistics Office (GSO) reported that nearly 12,000 businesses left the market on average each month.
Meanwhile, nearly 55,800 were newly-established with a total registered capital of VND778.3 trillion (US$33.8 billion) and a combined workforce of 412,400, up 15.4% in the number of firms and 39.5% in capital volume compared to the same period last year.
Almost 22,600 enterprises resumed their operations, up 3.9% annually, raising the total new and back-to-work firms to 78,300 during the January-May period, or an average of 15,700 new companies each month.