The number of withdrawals can largely be attributed to social distancing measures being put in place across 20 provinces and cities nationwide due to complicated developments relating to the COVID-19 pandemic.
This has seen a total of 4,527 enterprises register to suspend their operations, an annual rise of 34.3%.
Roughly 3,932 enterprises have since halted their activities and have dissolution procedures pending, up 28.2% on-year, while 1,442 firms have since completed dissolution procedures, a drop of 4.1%.
There were 75,800 newly-established businesses during the seven-month period, with registered capital totaling over VND1 trillion, an increase of 0.8% in the number of enterprises and 13.8% up in terms of registered capital.
Furthermore, there were 29,600 businesses that resumed their operations during the reviewed period, up 3.6% against the same period from last year.
On average, approximately 15,100 enterprises are either newly-established firms or resume operations each month.
Despite this, nearly 79,700 enterprises suspended their operations or are pending dissolution procedures between January and July, a sharp year-on-year rise of 25.5%.
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