Vietnam sees 39 pct increase in business revivals

Thanh Nien News

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Business registrations in 2015 have increased nearly 27 percent from the previous year. Photo: Diep Duc Minh Business registrations in 2015 have increased nearly 27 percent from the previous year. Photo: Diep Duc Minh

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Vietnam saw a sharp increase in the number of companies resuming business last year, with the number in the last quarter doubling from the third.
The Ministry of Investment and Planning said 8,658 companies revived operations in the fourth quarter, taking the full year number to more than 21,500, up 39.5 percent from 2014.
Thoi bao Kinh te Saigon Online cited economists as saying macroeconomic stability, increase in export orders and more affordable bank loans have brought a large number of players back.
Vietnam reported 6.68 percent GDP growth in 2015, the fastest in five years and making it one of the fastest growing economies in the world.
The number of business closures remained almost unchanged last year at around 9,500 each.
A report from the General Statistics Office showed that more than 94,700 businesses were incorporated, a 26.6 percent rise from 2014, with a 36 percent increase in registered capital at more than VND601 trillion ($26.75 billion).
Existing businesses also added VND851 trillion to their capital, the office said.
An earlier statement said businesses have benefited from a series of reforms including more liberal real estate regulations and an easing of many investment restrictions.

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