29.06.2020, 12:54

Vietnam sees uptick in new firms in June


Official data showed that 13,725 firms were established in June.

NDO – The number of new enterprises increased across all industries in June, especially those hit by the coronavirus, compared with the previous month, according to the Ministry of Planning and Investment.

Official data showed that 13,725 firms were established in June with total registered capital of VND139.146 trillion (US$6 billion), up 27.9% in business numbers and 23.4% in capital against May.

The number of firms returning to business fell by a slight 1.1% to 4,998 while those filing for temporary suspension went down by 3.7% to 3,217.

Overall, the number of new enterprises in the first six months was 62,049, down 7.3% year-on-year, which is lower than the 10.5% and 13.2% decreases reported in the five-month and four-month periods, respectively.

Such improvement in figures indicates positive signs from the government’s business support policies and economic recovery plan following the coronavirus outbreak being brought under control.