Nearly 11,400 businesses withdraw from market each month
VOV.VN - Approximately 11,400 local enterprises leave the market each month, with the number of newly-established businesses decreasing sharply in July by 33.8% compared to the same period from last year, according to information compiled by the Ministry of Planning and Investment.
The number of withdrawals can largely be attributed to social distancing measures being put in place across 20 provinces and cities nationwide due to complicated developments relating to the COVID-19 pandemic.
This has seen a total of 4,527 enterprises register to suspend their operations, an annual rise of 34.3%.
Roughly 3,932 enterprises have since halted their activities and have dissolution procedures pending, up 28.2% on-year, while 1,442 firms have since completed dissolution procedures, a drop of 4.1%.
There were 75,800 newly-established businesses during the seven-month period, with registered capital totaling over VND1 trillion, an increase of 0.8% in the number of enterprises and 13.8% up in terms of registered capital.
Furthermore, there were 29,600 businesses that resumed their operations during the reviewed period, up 3.6% against the same period from last year.
On average, approximately 15,100 enterprises are either newly-established firms or resume operations each month.
Despite this, nearly 79,700 enterprises suspended their operations or are pending dissolution procedures between January and July, a sharp year-on-year rise of 25.5%.
