Nearly 12,500 enterprises were dissolved this year, an increase of more than 3,000 enterprises from 2015. — Photo www.phamlaw.com

Nearly 12,500 enterprises completed disband procedures this year, an increase of more than 3,000 enterprises from the previous year.

Of these, the number of disbanded enterprises in the fourth quarter was 4,113 enterprises, increasing by nearly 44 per cent compared with the last quarter and 64 per cent year-on-year.

Meanwhile, the number of dissolved one-member limited companies this year was 4,901, accounting for 39.3 per cent; 3,768 limited liability company with two members, accounting for 30.2 per cent; 2,174 private enterprises, accounting for 17.42 per cent; 1,632 joint stock companies; and three partnership enterprises.

Disband enterprises mostly have registered capital under VNĐ10 billion (nearly US$440,000) — this year the number was 11,611, accounting for 93 per cent of total disbanded enterprises nationwide, 31 per cent higher than 2015.

Some 400 enterprises in the information and telecommunications sector were closed down this year, decreasing by 13 per cent compared with the same period last year.

Meanwhile, other sectors witnessed an increase in the number of dissolved companies, including agro-aqua-forestry 107.1 per cent, medicine and social supporting activities 90.9 per cent, property 69.6 per cent and mining 61.5 per cent. — VNS