More than 2,055 firms had completed procedures to dissolve their companies and 14,040 firms suspended operations in the past two months of 2015, signifying respective increases of 8.7% and 25% compared to the same period last year, according to newswire dddn.com.vn.
Remarkably, 9,515 units of the group above are limited liability companies; 2,292 units are joint stock companies and 2,233 units are private businesses.
Most of the above businesses having difficulty in their operations are small-scale businesses with total capitals under VND10 billion (US$468 million).
However, in the first two months of 2015, 4,376 firms restarted operations, resulting in a 20.2% on year. A number of outstanding activities having spectacular returns are education (up 39.5%; mining (up 46.3%); real estate business (up 52.8%) and finance, banking and insurance (up 115.8%).
Furthermore, the number of newly-established businesses are 13,766 with a total aggregate capital of VND77.5 trillion (US$3.6 billion), a 26.6% in terms of numbers and 23.3% in terms of capital compared to the same period in 2014.
16,000 firms suspend operations in two months of 2015 Related image(s)
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