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Almost 30,000 enterprises suspend operations in first 5 months

Released at: 16:45, 30/05/2016

Almost 30,000 enterprises suspend operations in first 5 months

Photo: Duc Anh

Both enterprises suspending operations and newly-established enterprises and were up in Janaury to May period.

by Minh Tuyet

In the first five months of this year there were 44,740 newly-established enterprises while 28,582 enterprises suspended operations, according to the General Statistics Office (GSO).

The number of newly-established enterprises increased 24.1 per cent and their registered capital of VND349 trillion ($15.58 billion) was 59.3 per cent higher than in the first five months of last year. Registered capital per enterprise averaged VND7.8 billion ($347,800), a 28.5 per cent increase year-on-year.

Of the 28,582 enterprises that suspended operations (which was 25.9 per cent higher year-on-year), 10,794 nominated an intended day of returning to operations while 17,788 could not determine when they would re-open.  

Additional capital to existing enterprises totaled VND655.9 trillion ($29.2 billion) in the period and 531,900 new jobs were created.

There were 12,999 enterprises returning to operations, a 75.6 per cent increase compared to the same period last year.

Meanwhile, the number of dissolved enterprises stood at 4,634, 19.5 per cent higher year-on-year.

In May there were 10,191 newly-established enterprises, an increase of 28.1 per cent year-on-year with registered capital of VND101.2 trillion ($4.5 billion), up 78.1 per cent. The number of newly-established enterprises in May totaled 104,700.

The government recently issued Resolution No. 35 providing support for enterprises to 2020, by which time Vietnam is expected to have 1 million enterprises.

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