Economy

Enterprise Boom: Over 218,500 Businesses Established and Resuming Operations in 11 Months

November Sees Significant Business Activity

In November alone, the country witnessed the establishment of nearly 11,200 new enterprises. These firms collectively registered a total capital of VND138.6 trillion ($5.46 billion). However, this figure represents a 21.3% decline in the number of new firms and a 9.8% drop in capital compared to the previous month.

Resumption of Operations

Simultaneously, over 7,700 enterprises resumed their operations in November, marking a 10.9% decrease from the previous month but a 17.4% increase year-on-year.

Business Suspensions and Dissolutions

Since the beginning of the year, more than 96,200 enterprises have temporarily suspended business, an increase of 12.6% over the same period last year. Additionally, nearly 57,700 businesses have stopped operating, awaiting dissolution procedures, reflecting a 0.9% increase. Meanwhile, nearly 19,300 businesses completed dissolution procedures, showing a 19.8% rise.