Vietnam hailed for good economy, stable politics: Japanese business executive
	FDI in Vietnam bounces back in May
	Business areas expected to prosper after Covid-19 in Vietnam

(Data: GSO)

According to Industry and Trade News, after the social extension measures were relaxed, along with the positive impact from the government's business support policies, the number of reviving enterprises had shown signs of rising.

Specifically, only in May 2020, Vietnam had 10,728 newly established enterprises with a registered capital of VND 112.7 trillion (US$ 4.8 billion) and a registered labor of 91.5 thousand employees, up 36.1 % of enterprises, up 20.1% of registered capital, up 27% of the number of employees compared with the previous month. Meanwhile, the number of newly established enterprises in April 2020 reached only 7,900 enterprises.

In May 2020, Vietnam also welcomed 5,056 enterprises returning to operation, up 32.7% over the previous month and up 105.4% over the same period last year; 3,342 enterprises registered to suspend business for a definite time, down 18.9% and increasing by 43.7%; 3,083 enterprises stopped operating and are waiting for dissolution procedures, up 42.3% and 47.6%; 962 enterprises completed dissolution procedures, down 1.8% and 9.8%; 3,473 enterprises were not operating at the registered address, up 21.3% and 44.5% higher than April 2020.

The number of reviving enterprises had shown signs of rising (Photo: VNS)

"The above figures show that the business has been operating again and optimistic with the new recovery signal of the economy as well as from the markets after the COVID-19 epidemic was under control," Department of Statistics stated.

Among economic sectors, only electricity, gas and water production and distribution, and the sector of agro-forestry-fishery saw increases in the number of fresh enterprises with 928 and 794, respectively, up 95% and 5.6% year-on-year.

The figures show that the business has been operating again and optimistic (Photo: VNS)

Meanwhile, most of the newly-established enterprises are in the fields of wholesale, retail, automobile repair with 16,335 enterprises, down 7.3% year-on-year. New businesses in the construction sector totaled 6,440, down 9.8%; followed by manufacturing and processing (6,223, down 9.1%); science, technology, consultancy, design, advertising and others (4,403, down 1.8%), among others.

The government-run office informed that 21,700 enterprises resumed operations, an increase of 10.5% against the similar period last year, bringing the total number of newly-registered and reinstated enterprises in the five-month period to 70,000.

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