About 940 enterprises who suspended operations in the first half of the
year restarted business last month, said Vietnam General Department of
This is seen as a positive signal for the
market following the closure of nearly 22,000 businesses in the first
six months of the year.
By last month, this trend had
subsided and the number of businesses that suspended operations had come
down to 20,741. Nearly 47,000 new enterprises were also registered,
including 5,000 State-run businesses.
The department added that the recovery is led by non-State firms.
According to the department's second-quarter report, pre-tax profits
for all enterprises in Vietnam in the second quarter were 2.5 percent
higher than in the first quarter, while profits for State-run companies
were up 5.8 percent.
The Department of Statistics said as
of last year, there had been 451,103 registered businesses, though only
375,732 were operating, with the rest suspending operations or shutting
down. For most companies the biggest problems have been the inability to
obtain credit at reasonable rates and high stockpiles.-VNA