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In the first 6 months, there was a record high of 100,000 businesses in Vietnam leaving the market

Only in the first 6 months of the year, did the number of businesses operating with difficulties and being forced to leave the market reach 100,000, recording a record high in the number of businesses closing in half a year.

Photo: Vtv

According to the latest report of the Ministry of Planning and Investment, in the first half of this year, the number of enterprises suspending business with a term of 60,200 enterprises, an increase of 18.2% over the same period last year. At the same time, there were 31,000 enterprises shutting down waiting for dissolution procedures, and 8,800 enterprises completing dissolution procedures, respectively, an increase of 28.9% and an increase of 2.8% over the same period last year.

On average, every month, 16,700 businesses withdrew from the market.

Although this number has decreased compared to the average rate of enterprises withdrawing from the market in one month of the first 5 months of 2023 (17,600 enterprises) and the first 4 months of 2023 (more than 19,000 enterprises), with 100,000 enterprises leaving the market is a record high number in the first 6 months of the year.

Among these, Ho Chi Minh City has more than 20,000 enterprises leaving the market, including 18,204 enterprises temporarily suspending operations, an increase of 24.6% over the same period, and 1,823 enterprises completed dissolution procedures.

Meanwhile, in the first 6 months of this year, the whole country had 75,900 registered enterprises with a total registered capital of 707.5 trillion VND and a total number of registered employees of nearly 509.9 thousand employees, a decrease of 0 .5% in the number of enterprises, down 19.8% in the registered capital and 1% in the number of employees over the same period last year.

This shows that the average registered capital of a newly established enterprise in the first 6 months of 2023 is also low, reaching only 9.3 billion VND, down 19.4% compared to the same period in 2022.

If including 958.7 trillion VND of additional registered capital nearly 25,200 times of enterprises increasing capital, the total amount of additional registered capital into the economy in the first 6 months of 2023 is 1,666.1 trillion VND, also decreasing. to 39% over the same period last year.

In addition, nearly 37,700 businesses returned to operation, down 7.4% over the same period in 2022.

In general, the number of enterprises established and returning to operation in the first 6 months of the year reached 113,600 enterprises, down 2.9% over the same period last year. On average, 19,000 businesses are newly established and returned to operation a month.

The above fact not only shows that many businesses are gradually exhausted, unable to cope with the prolonged sharp decline in domestic and international market demand, but also affects social security. Because the decline in enterprises or no production orders has led to the loss of jobs and reduced incomes, which is a concern. On the other hand, in the first months of 2023, the number of people withdrawing one-time social insurance continued to increase.

This situation greatly affects all areas of production and business, especially in the textile, leather, and footwear industries, and the production of electronic components in many regions and regions across the country.

According to the General Statistics Office, the situation of businesses in significant export industries having their orders cut down has lasted from the fourth quarter of 2022 until now, leading to hundreds of thousands of workers losing their jobs and reducing working hours.

Although labor and employment in the second quarter of 2023 tend to increase, the labor and employment market continues to face many difficulties and challenges, mainly because businesses lack production orders. The labor market in the second quarter of 2023 did not recover and prosper as in the first quarters of 2022.

According to a brief report from localities, the number of employees taking leave from businesses across the country in the second quarter of 2023 was about 241,500 people, down 52,500 people compared to the previous quarter.

Most of these employees belong to foreign-invested enterprises, in the fields of leather, footwear, and textiles, in the following localities: Dong Nai, Bac Giang, Binh Duong, Ninh Binh, and Thanh Hoa.

The number of workers who lost their jobs in the second quarter of 2023 was 217,800 people, mainly in the textile and garment, leather and footwear industries, manufacturing components and electronic products, wood processing, etc.

Facing this fact, experts believe that stronger solutions are needed to help solve difficulties for small and medium-sized enterprises, reduce conditions, and simplify administrative procedures to create a favorable environment. favorable business.

Without strong and feasible solutions that create significant changes and changes, the labor market will suffer many risks and challenges, and employees will face many difficulties.



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