Property Real estate reports highest number of suspended firms The Saigon Times Wednesday, Sep 9, 2020,07:21 (GMT+7) Real estate reports highest number of suspended firmsThe Saigon Times Two apartment buildings in HCMC. The real estate sector saw a steep rise in the number of enterprises registering for temporary suspension between January and August – PHOTO: THANH HOA HCMC – The real estate sector saw the highest growth in the number of enterprises registering for a temporary suspension between January and August at 923 firms, skyrocketing by 136% year-on-year, due to the impact of the coronavirus pandemic. Meanwhile, 620 real estate enterprises completed procedures for dissolution, with the sector ranking fifth among the country’s dissolved firms over the eight-month period, after the wholesale, retail, and vehicle maintenance sectors, with some 38,000 firms, followed by the processing and manufacturing sector, construction, and science, technology, design, marketing and consulting services. In the year to August, the country had some 34,300 suspended firms, up 70.8% year-on-year, while over 10,350 enterprises registered for dissolution, down 1.9% from the previous year’s period. The number of newly established firms active in the property sector during the eight-month period fell by 19.6% year-on-year, VietnamPlus news site reported. Le Hoang Chau, chairman of… Read full this story
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