Business

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 percent year-on-year.
Nearly 60,000 firms temporarily suspend, stop operations in five months ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – As manyas 59,800 businesses temporarily suspended or stopped their operations to awaitdissolution procedures and completed dissolution procedures in the first five months of 2021, up 23 percent year-on-year.

The General Statistics Office (GSO) reported that nearly12,000 businesses left the market on average each month.

Meanwhile, nearly 55,800 were newly-established with a total registeredcapital of 778.3 trillion VND (33.8 billion USD) and a combined workforce of 412,400, up 15.4percent in the number of firms and 39.5 percent in capital volume compared tothe same period last year.

Almost 22,600 enterprises resumed their operations, up 3.9percent 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./.

VNA
#dissolution procedures #Vietnamplus #Vietnam News Agency #General Statistics Office #year-on-year #newly-established #January-May period #businesses Vietnam
Follow VietnamPlus

Related News

See more

Traditional handicraft products at the Vietnamese booth attract visitors at the Paris Fair (Photo: VNA)

Vietnamese products shine at Paris Fair

Amid deepening international integration, the presence of Vietnamese enterprises at the annual Foire de Paris continues to affirm the appeal of Vietnamese goods and culture in the French market. The event also provides an opportunity for Vietnamese businesses to directly engage with French and European consumers, thereby strengthening their foothold in this promising market.

Do Gia Thang, Secretary-General of the Vietnam Business Association in Australia (VBAA) and Chairman of the Vietnam–Australia Young Entrepreneurs Club (Photo: VNA)

International Financial Centre - Vietnam's strategic move in global race: Expert

Vietnam is pursuing a “one centre – two destinations” model. Ho Chi Minh City is envisioned as a comprehensive financial hub linked with a free trade zone, while Da Nang will focus on innovation, fintech, digital assets and serve as a testing ground for new financial models. This complementary structure allows Vietnam to develop a tailored approach rather than replicate existing financial centres.

Financial buildings in central Ho Chi Minh City along the Saigon River, facing the Thu Thiem peninsula in An Khanh ward. (Photo: VNA)

Ho Chi Minh City attracts significant investment from France

Ho Chi Minh City is emerging as an attractive destination for French investors, particularly in infrastructure, sustainable urban development and green transition. French investment of more than 2.2 billion USD is contributing to economic growth and opening up broader prospects for long-term cooperation.

An aerial view of a crossroads in Hanoi (Photo: VNA)

Hanoi pushes SOEs to lead breakthrough growth

According to experts, Resolution 79-NQ/TW reaffirms the state economic sector’s leading role in the socialist-oriented market economy. The real shift, however, is moving SOEs from simply “holding” assets to actively “leading” development, and from traditional “management” to enabling growth across the board.

A representative of the Coast Guard speaks at the meeting. (Photo: VNA)

Ho Chi Minh City steps up decisive action to lift IUU “yellow card”

The city will fast-track eCDT implementation, study the feasibility of a fishing port in Can Gio, and propose granting accounts to border guard stations to strengthen oversight of vessel movements. Enhanced inter-provincial coordination, particularly with Lam Dong, Da Nang, Quang Tri and Ninh Binh, was also emphasised to tighten control and strictly handle violations, especially those related to VMS.

An overview of Prime Minister Le Minh Hung's working session with the Ministry of Finance on April 29 (Photo: VNA)

PM emphasises need for governance shift to drive growth

Ministries and agencies must enhance forecasting capacity, adopt more responsive policy tools, and fundamentally rethink how policies are designed and executed in a rapidly evolving environment, said PM Le Minh Hung.

Long Thanh International Airport is currently under construction and is expected to be put into operation by the end of 2026. (Photo: VNA)

Dong Nai rolls out 4.3 billion USD plan for key transport links

Dong Nai will implement three major transport projects with a total capital exceeding 110 trillion VND (4.3 billion USD), aimed at strengthening connectivity between Dong Nai, Ho Chi Minh City, and key economic regions in the Central Highlands, central, and southwestern regions.

Vietnamese products are on show at the Home InStyle exhibition in Hong Kong (China). (Photo: VNA)

Vietnam’s eco-friendly products welcomed in Hong Kong

The Home InStyle and Fashion InStyle exhibitions, taking place at the Hong Kong Convention and Exhibition Centre from April 27 to 30, showcases the latest global trends in home products, interior décor, lifestyle goods, apparel and fashion.