16,000 firms suspend operations in first two months of 2015

March 05, 2015 | 09:43

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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 per cent and 25 per cent 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 ($468 million).

However, in the first two months of 2015, 4,376 firms restarted operations, resulting in a 20.2 per cent on year. A number of outstanding activities having spectacular returns are education (up 39.5 per cent; mining (up 46.3 per cent); real estate business (up 52.8 per cent) and finance, banking and insurance (up 115.8 per cent).

Furthermore, the number of newly-established businesses are 13,766 with a total aggregate capital of VND77.5 trillion ($3.6 billion), a 26.6 per cent in terms of numbers and 23.3 per cent in terms of capital compared to the same period in 2014.

By By Kim Oanh

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