Every month, more than 14,000 businesses withdraw from the market.

According to the General Statistics Office, in November, the country had 14,267 newly established enterprises, down 7.6% compared to the previous month and up 19.5% compared to the same period last year; 6,562 enterprises returned to operation.

On the other hand, 4,510 enterprises registered to temporarily suspend business, down 18% and up 12.6%. In addition, 6,598 enterprises stopped operating pending dissolution procedures, 1,443 enterprises completed dissolution procedures.

In the first 11 months of 2023, the whole country had 201,500 newly registered and resuming businesses, an increase of 3.5% over the same period last year. On average, 18,300 newly established and resuming businesses per month.

The number of enterprises withdrawing from the market was 158,800, an increase of 20% over the same period last year. On average, 14,400 enterprises withdrew from the market per month.

In November 2023, the whole country had 201,500 newly registered and resuming operations enterprises. (Illustration photo: Ministry of Industry and Trade)

Also according to the General Statistics Office, the investment capital implemented from the State budget in November is estimated at VND 70,300 billion, up 19.9% over the same period last year. In the 11 months, the investment capital implemented from the State budget is estimated at VND 549,100 billion, equal to 75% of the annual plan and up 22.1% over the same period last year (the same period in 2022 was equal to 74.9% and up 20.9%).

Total foreign investment capital registered in Vietnam as of November 20, 2023, including: newly registered capital, adjusted registered capital and capital contribution and share purchase value of foreign investors, reached nearly 28.85 billion USD; foreign direct investment capital implemented in Vietnam is estimated at 20.25 billion USD.

Preliminary export turnover of goods in the first period of November reached 14.65 billion USD. From the beginning of the year to November 15, 2023, preliminary export turnover of goods reached 306.06 billion USD, down 6.4% over the same period last year.

Preliminary import turnover of goods in the first period of November 2023 reached 14.77 billion USD. From the beginning of the year to November 15, 2023, preliminary import turnover of goods reached 281.62 billion USD, down 11.7% over the same period last year.

The trade balance of goods from the beginning of the year to November 15, 2023, preliminary trade surplus of 24.44 billion USD (same period last year trade surplus of 8.1 billion USD). Of which, the domestic economic sector had a trade deficit of 19.05 billion USD; the foreign-invested sector (including crude oil) had a trade surplus of 43.49 billion USD.

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