NEWS

Nearly 18.000 Vietnamese businesses are on the verge of bankruptcy.

EXPERTIS
28/05/2016

According to the Business Registration Management Department (Ministry of Planning and Investment), in the first five months of 2016, there were 17.788 businesses that temporarily ceased operations without registration or were awaiting dissolution.

According to the Business Registration Management Department, in May 2016, 10.019 new businesses were established with a registered capital of VND 101.218 billion, a decrease of 8,5% in the number of businesses but an increase of 62,6% in registered capital compared to April 2016. The average registered capital per business in May reached VND 10,1 billion, an increase of 77,8% compared to the previous month.

During the month, the number of businesses resuming operations nationwide was 1.668, a decrease of 14,7% compared to April 2016. The number of registered employees of newly established businesses in May was 104,700, a decrease of 0,3% compared to the previous month.

In addition, the number of businesses completing dissolution procedures nationwide in May was 884, an increase of 5,2% compared to April 2016. The number of businesses registering for temporary suspension of operations was 1.519, a decrease of 4,1% compared to the previous month, and the number of businesses temporarily ceasing operations without registration or awaiting dissolution was 2.685, a decrease of 37,0% compared to the previous month.

According to the Business Registration Management Department, in the first five months of 2016, the total number of newly established businesses and businesses resuming operations nationwide was 57.739. This includes 44.740 newly established businesses and 12.999 businesses resuming operations.

Meanwhile, the number of businesses nationwide that registered for temporary suspension of operations in the first five months of the year was 10.794. These businesses will resume operations after the temporary suspension period ends.

The number of businesses that have completed dissolution procedures or temporarily suspended operations without registration or awaiting dissolution is 22.431. Of these, 4.643 businesses have completed dissolution procedures and 17.788 businesses have temporarily suspended operations without registration or awaiting dissolution.

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