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Wednesday, July 24, 2024

Number of newly-opened firms rises over 13% in H1

The Saigon Times

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HCMC – More than 76,000 companies were founded across Vietnam between January and June this year, up 13.6% from the year-ago figure, according to General Statistics Office (GSO) data.

The number of re-opened firms reached almost 40,700, up 56% over the same period last year.

But the six-month period saw 50,900 businesses ceasing operations temporarily, rising 43%. Nearly 24,100 firms halted their operations pending dissolution, falling 2.4%; and 8,600 completed dissolution procedures, dropping some 14%.

Overall, 19,500 companies were established and resumed operations, while 13,900 left the local market each month on average.

In June alone, the country recorded nearly 2,300 re-opened enterprises, down 57% month-on-month and 54% year-on-year. More than 5,100 companies registered to suspend their operations, up 3.3% over the previous month and 33% against the 2021 figure. Over 6,800 halted operations pending dissolution or completed disbandment procedures this month.

GSO added the operations of processing and manufacturing firms are making headway. Over 78% of the surveyed firms said their business and production results in the second quarter were more stable and better than the first quarter, while nearly 22% said they were still facing obstacles.

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