More than 6,800 enterprises resume operations in July

At Biên Hòa 1 Industrial Park, Đồng Nai Province. According to ABR, over 6,800 enterprises in Việt Nam resumed operations in July. — VNA/VNS Photo

More than 6,800 enterprises resumed operations in July, up 26.2 per cent over the previous month but down 0.7 per cent from the same period last year, according to the Agency for Business Registration (ABR) under the Ministry of Planning and Investment.

Also in July, 14,700 enterprises were established with a total registered capital of VNĐ110 trillion (US$4.36 billion), a drop of 6.3 per cent in the number of enterprises and a decline of 22.8 per cent in registered capital compared to the previous month.

In the first seven months of this year, nearly 44,300 enterprises re-entered the market, up 4.7 per cent over the same period last year.

More than 95,200 enterprises were established in the January-July period with a total registered capital of VNĐ854.6 trillion, up 6.3 per cent and 2.4 per cent in the number of enterprises and registered capital, respectively.

According to the ABR, nine out of 17 industries saw increases in the numbers of newly established enterprises compared to the same period in 2023.

Specifically, the number of newly-established enterprises in transport and warehousing ranked first with a rise of 20.8 per cent, followed by wholesale, retail, car and motorbike repair with 14 per cent, and electricity, water, gas production and distribution industries with 12 per cent.

Meanwhile in July, 6,837 enterprises temporarily suspended operations, up 26.2 per cent over the previous month but down 0.7 per cent from the same period last year. A total of 7,035 enterprises ceased operations to await dissolution procedures, up 30.2 per cent from the previous month and up 33.8 per cent over the same period last year. Additionally, 1,730 businesses completed dissolution procedures, down 22.4 per cent from June but up 9.4 per cent from the same period last year.

In the January-July period, the number of enterprises temporarily suspending business was more than 78,000, up 16.7 per cent compared to the same period last year.

More than 35,500 enterprises ceased operations to await dissolution procedures, down 1.5 per cent over the same period last year; and 11,900 enterprises completed dissolution procedures, an increase of 14.5 per cent over the same period last year. — VNS