Today: 22/10/2020 13:53:32 (GMT+7)

Vietnam’s new enterprises up 36.1% in May as social distancing eased

Vietnam saw 10,728 new enterprises in May, up 36.1% compared with the previous month, following the government’s decision to ease social distancing measures implemented to contain the coronavirus.

Such businesses registered a total capital of VND112.7 trillion (US$4.8 billion), up 27% from the previous month, and are expected to create 91,500 jobs, according to the General Statistics Office.

The month also saw 5,056 enterprises returning to business, up 32.7% month-on-month while those temporarily out of business fell 18.9% to 3,342.

Vietnam, new enterprises, May, social distancing eased, total capital,  resuming operation, newly established businesses

The number of new enterprises soar in May after of social distancing measures in April.

However the total number of new companies established in the first five months of 2020 dropped by 10.5% to 48,300 compared with the same period in 2019.

They pledged to invest a total of VND558 trillion (US$23.9 billion) and planned to hire 407,000 people.

During the January-May period, the number of enterprises resuming operation climbed by 10.5% year on year to 21.700 while another 26,000 temporarily went out of business, up 36.4% over the same period of 2019.

Great effort to overcome difficulties in business and production
(BGO) – Covid-19 pandemic has seriously affected to the enterprises and manufacturing facilities in Bac Giang city (Bac Giang province). While waiting for the solution from the authority, the businesses are striving to overcome the difficulties to stabilize the operation. 
Chairman of the provincial People's Committee Duong Van Thai: Focusing on removing difficulties, facilitating production and business
(BGO) – On May 20, the People's Committee of Bac Giang province held a regular meeting in May. The event was chaired by Duong Van Thai, Chairman of the provincial People's Committee.
Bac Giang closely accompanies businesses to overcome difficulties
(BGO) – Amid the complex Covid-19 pandemic situation causing several impact on the business and production of the enterprises, Bac Giang province has implemented many solutions to handle the difficulties and obstacles to accelerate the development as well as prepared the condition to welcome new wage of investment. The Chairman of the provincial People’s Committee (PPC) Duong Van Thai granted an interview to the reporter of Bac Giang Portal about this issue. 
PM urges enhanced support for businesses amid pandemic
Prime Minister Nguyen Xuan Phuc has directed authorised agencies to focus on supporting businesses to overcome challenges caused by the Covid-19 crisis and take advantage of opportunities for soon recovering.
Bac Giang focuses on measures to improve business and investment environment
(BGO) – Bac Giang province should focus on urgently and actively implementing policies and packages to support businesses according to the Government's Resolution No.42, continue to firmly grasp the situation, and promptly perform tasks to remove difficulties for businesses.

Source: NDO

Vietnam, new enterprises, May, social distancing eased, total capital, resuming operation, newly established businesses
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