More Than 8,000 Businesses Established in February

1:59:49 PM | 3/8/2021

The Ministry of Planning and Investment said, 8,038 companies were established in February 2021 with a total registered capital of VND179,737 billion, down 12.3% in companies but up 85.6% in investment value over the same month of 2020, down 20.3% in companies and up 15.9% in value over January 2021.

Companies registered to invest VND720,407 billion in the first two months of 2021, up 12.4% year on year, including VND334,821 billion from new companies (up 52.2%) and VND385,586 billion from 6,522 active companies (down 8.4%). On average, a company registered to invest VND18.5 billion in the period, up 46.4% year on year.

As many as 18,129 companies were founded in the first two months of 2021, an increase of 4% over the same period in 2020. They registered to hire 172,844 workers, up 9.7%. Meanwhile, 11,033 companies resumed operations, down 7.6% year on year.

According to the report of the Ministry of Planning and Investment, from January to February, 33,611 companies became inactive, up 18.6% year on year. Of the sum, 21,636 companies registered to halt operations for a definite time, 8,380 companies suspended operations to await bankruptcy, 3,595 companies completed bankruptcy procedures. The highest growth of bankruptcies was seen in electricity, water and gas production and distribution (220%), transportation and warehousing (53.2%) and mining (50%).

By Thu Ha, Vietnam Business Forum