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VietNamNews

Many companies back in action

Update: August, 07/2012 - 14:19

HA NOI - About 940 enterprises who suspended operations in the first half of the year restarted business last month, said Viet Nam General Department of Taxation.

The high number was seen as a positive signal for the market following the closure of nearly 22,000 businesses in the first six months of the year.

The department added that the recovery was led by non-State firms.

To cap it off, last month nearly 47,000 new enterprises were also registered, including 5,000 State-run businesses.

According to the department's second-quarter report, pre-tax profits for all enterprises in Viet Nam in the second quarter was 2.5 per cent higher than in the first quarter.

Pre-tax profit earned by State-owned enterprises increased by 5.8 per cent over the first quarter of the year. - VNS

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