Over 218,500 enterprises established, resume operations in 11 months

By VNA December 8, 2024 | 01:06 am PT

A worker examines steel rolls at a factory in southern An Giang Province. Photo by VnExpress/Phuong Dong

More than 218,500 enterprises were established and resumed operations in Vietnam in the past 11 months of 2024, a year-on-year increase of 7.4%, according to the General Statistics Office (GSO).

In November alone, the country recorded nearly 11,200 new enterprises with total registered capital of VND138.6 trillion ($5.46 billion). The figures represented a 21.3% decline in the number of firms, and a drop of 9.8% in capital compared to the previous month.

Meanwhile, more than 7,700 enterprises resumed their operations in November, down 10.9% from the previous month and up 17.4% year-on-year.

Since the beginning of the year, more than 96,200 enterprises has temporarily suspended business, an increase of 12.6% over the same period last year.

Nearly 57,700 businesses stopped operating, waiting for dissolution procedures, an increase of 0.9% and nearly 19,300 businesses completed dissolution procedures, an increase of 19.8%.