Over 75,200 enterprises make debut in Jan-July

Over 75,200 enterprises make debut in Jan-July

VGP – Up to 75,200 enterprises were founded and 28,564 businesses resumed operation in the first seven months of 2020 despite negative impacts of the COVID-19 pandemic, the General Statistics Office (GSO) reported.

VGP – Up to 75,200 enterprises were founded and 28,564 businesses resumed operation in the first seven months of 2020 despite negative impacts of the COVID-19 pandemic, the General Statistics Office (GSO) reported.

 

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In July, the number of newly-founded enterprises saw a month-on-month decline of 3.8%. However, the amount of registered capital experienced a surge of 72%. 

In the January-July period, 75,200 enterprises were founded, representing a year-on-year decrease of 5.1%. On the other hand, the number of resumed businesses increased by 17.6% in comparison with the same period last year. The number of dissolved enterprises decreased by 12.2%.

The GSO attributed the positive signals to effective policies on business support and economic recovery. 

In the seventh month, 13,200 enterprises were set up with a total registered capital of VND 239 trillion and 91,400 jobs, down 3.8% in number; down 72% in value; and 8.7% in employment against June. 

In the reviewed period, 4,839 enterprises resumed operation, representing a month-on-month decrease of 3.2% and a year-on-year soar of 79.9%./.

 

By Hoang Ha

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