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Vietnam sees 2.3 pct fewer new firms in 2020

HANOI
2021-01-04 13:00

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HANOI, Jan. 4 (Xinhua) -- Around 134,900 enterprises were established in Vietnam in 2020, decreasing 2.3 from the previous year, according to the country's General Statistics Office on Monday.

The registered capital of the new enterprises totaled over 2,235.6 trillion Vietnamese dong (97.2 billion U.S. dollars), however, up 29.2 percent, said the office.

New firms in the agriculture, forestry and fishery sector grew 30.1 percent, while those in industry and construction expanded 10.2 percent and services sector down 7.6 percent.

In 2020, nearly 44,100 firms that previously temporarily ceased operations due to difficulties resumed their activities, posting an increase of 11.9 percent. Meanwhile, some 17,500 enterprises were dissolved, up 3.7 percent on a yearly basis.

In December alone, roughly 10,700 new firms were formed, down 18.4 percent against November, the office said.

In 2019, Vietnam saw 138,100 enterprises established with total registered capital of over 1,730 trillion Vietnamese dong (75.2 billion U.S. dollars).
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