Business failures decline

09:50 | 28/05/2015 Trade

Business failures in Vietnam fell by 0.5% to 3,884 in the first five months of the year compared with the corresponding period last year, according to the General Statistics Office (GSO) of Vietnam.

Business failures decline

During the January-May period, the number of start-up ventures registering with the GSO jumped 15.5% to 36,055 businesses listing capital of VND219.3 trillion on their registration forms.

The figures indicate an encouraging medium to long-term outlook for the nation’s economy, according to the GSO.

Commenting on the results, a GSO representative said the number of newly-established businesses should create jobs for an estimated 518.400 workers, showing a promising start to the new year. 

    Source VOV News