Newly-established firms down in November
Vietnam saw declines in the number of newly-established companies and those resuming operation in November, said the General Statistics Office.
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A total of 11,637 new enterprises were registered this month with total capital of VND118.4 trillion (US$5.09 billion), down 10.5% and 22%, respectively, from the previous month. More than 3,400 others resumed operation, a month-on-month decrease of 1.4%.
The number of dissolved firms was 1,554 while 6.353 companies halted operations during the month.
In the first 11 months of 2018, more than 121,200 businesses were set up with VND1.2 quadrillion worth of newly registered capital and VND2.2 quadrillion worth of additional capital.
Close to 31,870 firms resumed operation in the January – November period, up 30.9% from the same period last year. These firms operational again brought up the economy’s total number of company to 153,100.
However, the number of firms suspending and dissolving operation rose alarmingly during the period, up 49.3% and 37.4% to over 83,100 and 14,800, respectively. Most of the dissolved companies were those with capital of below VND10 billion.
