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More than 29,000 enterprises temporarily suspend businesses in first half of year

Update: June, 30/2020 - 10:48
A representative from a new enterprise fulfils establishment procedures at the Hà Nội Department of Planning and Investment. — VNA/VNS Photo Danh Lam

HÀ NỘI — Some 29,200 firms temporarily suspended operations in the first six months of this year, a year-on-year increase of 38.2 per cent.

Up to 19,600 enterprises stopped operation and are waiting for dissolution procedures, down 10.2 per cent over last year.

The country’s socio-economic activities are gradually being restored after two months of loosening and removing social distancing measures.

The number of newly-established enterprises in June was 13,700 enterprises with registered capital of VNĐ139.1 trillion (US$6 million), up 27.9 per cent in the number of businesses and 23.4 per cent of capital over the previous month.

The whole country had more than 62,000 enterprises registered for establishment with total registered capital of VNĐ697.1 trillion in the first half of the year, down 7.3 per cent in the number of enterprises and 19 per cent in registered capital.

The average registered capital of a newly-established enterprise was estimated at VNĐ11.2 billion, down by 12.5 per cent ​​compared to the same period last year.

In addition, there were 25,200 enterprises returned to operation, up 16.4 per cent year over year, bringing the total number of newly-established enterprises and enterprises back to operation to 87,200, down 1.5 per cent. — VNS

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