Nearly 60,000 firms temporarily suspend, stop operations in five months
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.