Illustrative image. (Photo: VNA)Hanoi (VNA) – Vietnam saw declines in the number ofnewly-established companies and those resuming operation in November, said the GeneralStatistics Office.
A total of 11,637 new enterprises were registered this month with totalcapital of 118.4 trillion VND (5.09 billion USD), down 10.5 percent and 22percent, respectively, from the previous month. More than 3,400 others resumedoperation, a month-on-month decrease of 1.4 percent.
The number of dissolved firms was 1,554 while 6.353 companies haltedoperations during the month.
In the first 11 months of 2018, more than 121,200 businesses were setup with 1.2 quadrillion VND worth of newly registered capital and 2.2quadrillion VND worth of additional capital.
Close to 31,870 firms resumed operation in the January – Novemberperiod, up 30.9 percent from the same period last year. These firms operationalagain brought up the economy’s total number of company to 153,100.
However, the number of firms suspending and dissolving operation rose alarminglyduring the period, up 49.3 percent and 37.4 percent to over 83,100 and 14,800,respectively. Most of the dissolved companies were those with capital of below10 billion VND. –VNA
VNA
