Business failures decline
(VOV) - Business failures in Vietnam fell by 0.5% to 3,884 in the first five months of the year compared with the corresponding period last year, according to the General Statistics Office (GSO) of Vietnam.
During the January-May period, the number of start-up ventures registering with the GSO jumped 15.5% to 36,055 businesses listing capital of VND219.3 trillion on their registration forms.
The figures indicate an encouraging medium to long-term outlook for the nation’s economy, according to the GSO.
Commenting on the results, a GSO representative said the number of newly-established businesses should create jobs for an estimated 518.400 workers, showing a promising start to the new year.