Business

Number of firms resuming operations increases threefold in June

A total of 7,100 businesses resumed their operations in June, up 19.3% month-on-month, and a 3.2-fold increase compared to the same month last year, according to the General Statistics Office.
Number of firms resuming operations increases threefold in June ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – A total of 7,100 businesses resumed their operations in June,up 19.3% month-on-month, and a 3.2-fold increase compared to the same monthlast year, according to the General Statistics Office.

In the month, there were 13,900 newly-establishedenterprises with a combined capital of 138.7 trillion VND (5.88 billion USD),up 14.9% and 33.7% m-o-m and 4.8% and 14.6% y-o-y, respectively.

During the first half of this year, nearly 37,700 enterprises resumed operations, down 7.4% y-o-y, raising the number of newly established and resumed enterprises in the period to 113,600, down 2.9% y-o-y.

Meanwhile, the number of new firms in the period dropped 0.5% year on year to 75,900, with a total registered capital of 707.5 trillion VND, down 19.8%.

If 958.7 trillion VND added to nearly 25,200 operatingenterprises was taken into account, the total amount of registered capital poured into the economy in the first six months exceeded 1.666 quadrillionVND, down 39% y-o-y.

According to a survey of business trends of processing andmanufacturing enterprises in the second quarter, 27.5% of them said their productionand business situation has improved from the first quarter; 36.7% say theirbusiness situation was stable and 35.8% difficult.

According to enterprises, the main factors affecting theproduction and business situation in the second quarter include low domesticmarket demand (55.5%), competitiveness of domestic goods (47.2%), lowinternational market demand (34%); financial difficulties (32.2%) and high loaninterest rates (31.6%)./.

VNA
#Businesses resuming operations #June #General Statistics Office #newly-established enterprises #Vietnam #Vietnamplus #Vietnam News Agency
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