Thousands of businesses have suspended their operation or filed for dissolution because of Covid-19, causing tens of thousands of workers to become redundant.
The Ministry of Labor, War Invalids and Social Affairs (MOLISA) reported that 22,700 businesses temporarily stopped operation in the first four months of 2020, an increase of 33.6 percent over the same period last year.
Nearly 14,000 businesses have stopped operation following procedures to be dissolved, while 5,277 businesses have announced dissolution and 5,776 businesses are following procedures for dissolution with tax agencies.
|In the first five months of 2020, the HCM City Department of Planning and Investment completed procedures to dissolve 2,015 businesses, an increase of 16.4 percent over the same period last year.|
In the first five months of 2020, the HCM City Department of Planning and Investment completed procedures to dissolve 2,015 businesses, an increase of 16.4 percent over the same period last year.
Since the beginning of the year, 7,257 businesses in the city have halted operation, up by 40 percent compared to the same period.
As of June, 30.8 million people aged over 15 have been laid off, lost jobs or got fewer wages due to fewer work hours because of Covid-19, according to the Department of Employment.
The unemployment rate among those aged 15 and above in Vietnam stood at 2.05 percent last year and the figure in urban areas is almost double that of rural areas, the 2019 population and housing census reveals.
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