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Sunday, November 27, 2022

Number of firms resuming operations rises by 15% in Nov

The Saigon Times

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HCMC – Since the Government issued Resolution 128 on safely living with Covid-19 nearly two months ago, the country’s economy has gradually gathered steam, with the number of firms that have resumed their operations in November increasing by 15% month-on-month.

According to data from the General Statistics Office, over 4,900 enterprises have restarted their operations this month.

The data also indicated that as many as 11,900 firms have been newly established nationwide in November, pledging total capital of some VND150 trillion and registering 76,600 workers, up 47% in the number of firms, 38% in capital and 30% in the number of staff month-on-month.

The country has seen 105,600 newly-established firms between January and November, with total pledged capital of VND1,450 trillion and 784,000 employees, down 15%, 23% and 19%, respectively, year-on-year.

In the year to November, 40,500 firms have restarted their operations, inching down 0.7% year-on-year, raising the number of enterprises doing business in Vietnam over the past 11 months to 146,000, down 12% year-on-year.

On average, some 13,300 firms are newly established and resume their operations each month during the January-November period.

However, the number of firms that have temporarily withdrawn from the market in November inched up 0.9% month-on-month, at 3,500.

In addition, some 4,640 other enterprises have halted their operations pending dissolution, while more than 1,250 others have completed procedures for disbandment this month, the local media reported.

Between January and November, 52,000 companies have temporarily suspended their business activities, up 17.3% versus the same period last year. Some 39,500 other enterprises have halted operations, pending dissolution, up 17.4% year-on-year, while 14,900 others completed procedures for disbandment, down 4% year-on-year.

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