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Vietnam Today

Nearly 5,000 enterprises back in business in January

Released at: 11:11, 02/02/2016

Nearly 5,000 enterprises back in business in January

Number up 69.6 per cent while new enterprises increased 21.2 per cent year-on-year.

by Hoai An

A total of 4,872 enterprises managed to resume operations in January, the highest monthly figure in recent years and up 69.6 per cent against January last year, according to the General Statistics Office (GSO). In January 2014 and January 2015 2,375 and 2,872 enterprises, respectively, resumed operations.

There were also 8,320 new enterprises in the first month of the year, with total capital of VND59.3 trillion ($2.7 billion), 21.2 per cent higher year-on-year in number and 87 per cent in capital.

The number either suspending or ceasing operations was also high, however. Procedures to shut down operations were completed by 34.7 per cent more enterprises year-on-year, to 1,338. Most were of small size with registered capital of less than VND10 billion ($456,600) each.

Companies that declared a temporary suspension of operations numbered 12,456, up 27.5 per cent year-on-year.

Last year more than 94,750 businesses were established, with total registered capital of VND601.5 trillion ($27.46 billion), up 26.6 per cent and 39.1 per cent over 2014, while more than 9,400 were dissolved, down 0.4 per cent year-on-year.

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