The number of enterprises completing procedures in March for dissolution stood at 744, down 20.9 per cent compared to February, according to a report from the Department of Business Registration Management under the Ministry of Planning and Investment.

The number that registered to suspend operations for a specific period was 1,406, down 27 per cent against February, while the number of enterprises that suspended operations without registering to do so or are awaiting closure totaled 3,184, an increase of 133.3 per cent.

In the first quarter of the year, the number of enterprises suspending operations for a certain period was 9,942, up 23.9 per cent quarter-on-quarter, and the number of those that suspended operations unannounced or were awaiting closure was 10,694, down 11 per cent.

The number of enterprises completing dissolution procedures in the first quarter was 3,268, up 12 per cent quarter-on-quarter.

The number of enterprises ceasing or suspending operation totaled 23,900, or an average of 265 each day.

Among enterprises that have suspended operations temporarily, 3,994 were one-member limited liability companies, or 40.17 per cent of the total, 3,264 were two-member limited liability companies, or 32.83 per cent, 1,010 were private enterprises, or 10.16 per cent, 1,672 were joint stock companies, or 16.82 per cent, and two were partnerships.

Among enterprises that suspended operations unannounced or are awaiting dissolution, 4,647 were one-member limited liability companies, or 43.5 per cent of the total, 3,070 were two-member limited companies, or 28.7 per cent, 817 were private enterprises, or 7.6 per cent, and 2,160 were joint stock companies, or 20.2 per cent.

Among the total number of dissolved enterprises, 1,269 were one-member limited liability companies, or 38.8 per cent, 993 were two-member limited liability companies, or 30.4 per cent, 594 were private enterprises, or 18.2 per cent, and 412 were joint stock companies, or 12.6 per cent.

Only two sectors saw increases in the total number of enterprises suspending operations in the first quarter: wholesale and retail and repairing cars and motorbikes, with 4,854 enterprises, up 11.7 per cent quarter-on-quarter, and education and training with 209 enterprises, up 1 per cent.

The remaining sectors saw declines in the total number quarter-on-quarter: 162 enterprises in agriculture, forestry and fisheries, down 46.7 per cent, 176 in arts and entertainment, down 41.5 per cent, 442 in accommodation and hospitality services, down 33.6 per cent, 405 in warehouse and transportation, down 30.4 per cent, and 88 in mining, down 27.3 per cent.

VN Economic Times