Newly established enterprises increase 44.6% in November
Business activities of enterprises have begun to recover after one month of implementation of Government Resolution on the adoption of provisional guidelines on safe, flexible living with COVID-19, with the number of new enterprises registered in November up by 44.6% compared to the previous month.
According to the General Statistics Office, the country saw 11,900 newly established enterprises with total registered capital of nearly VND150 trillion (US$6.6 billion), up 38% month-on-month. The number of registered employees stood at 76,600, an increase of 30.2%.
Despite a significant improvement compared to October, the average registered capital of a new enterprise in the month was only VND12.6 billion, down 4.5% over the previous month and a decline of 42.1% year-on-year.
As many 4,958 enterprises resumed their operations in November, an increase of 15.2% compared to the previous month.
During the 11-month period, the whole country witnessed 105,600 newly registered enterprises with a total registered capital of nearly VND1.45 quadrillion and a total registered labour force of 784,200, representing an annual decline of 15%, 22.6% and 19.2%, respectively.
From January to November, 52,100 enterprises temporarily suspended their operations, an increase of 17.3% over the same period last year while 39,500 others stopped operating for dissolution procedures, a 7.4% hike, and 14,900 completed dissolution procedures, down 3.7%.
