More firms suspend operation in two months

Hanoi (VNA) – More than 13,500 enterprises suspended operation for fixed periods during the first two months of this year, up 20.8 percent compared to the same period in 2018, according to the General Statistics Office (GSO).

Besides, more than 3,150 firms completed dissolution procedures during the period, a year-on-year increase of 24.8 percent. Of those firms, some 2,900 had less than 10 billion VND (430,000 USD) in capital. Most dissolved firms operated in wholesale and retail, automobile repair, processing, manufacturing and construction.

Meanwhile, nearly 13,700 enterprises stopped operation pending dissolving procedures.

The number of new firms established in the January-February period dropped 14.6 percent on a yearly basis to 15,979, but their total registered capital surged 25.4 percent to 247 trillion VND (10.62 billion USD). The new firms employed 164,000 workers, up 4.8 percent from the corresponding period last year.

The wholesale-retail and automobile repair sectors saw 6,000 newly-established enterprises, a reduction of 7.3 percent. The processing and manufacturing sectors had 2,100 new firms, down 9.4 percent, and the construction sector had 2,000 new ones, a decrease of 17 percent.

In terms of region, the southeast region had the largest number of new firms with 6,400, followed by the northern region with 5,100, the north central and central coastal region had 2,200 and the Mekong delta 1,200.

At the same time, 10,191 firms resumed operation in the period. -VNA