Vietnam saw 10,728 new enterprises in May, up 36.1% compared with the previous month, following the government’s decision to ease social distancing measures implemented to contain the coronavirus.
Such businesses registered a total capital of VND112.7 trillion (US$4.8 billion), up 27% from the previous month, and are expected to create 91,500 jobs, according to the General Statistics Office.
The month also saw 5,056 enterprises returning to business, up 32.7% month-on-month while those temporarily out of business fell 18.9% to 3,342.
However the total number of new companies established in the first five months of 2020 dropped by 10.5% to 48,300 compared with the same period in 2019.
They pledged to invest a total of VND558 trillion (US$23.9 billion) and planned to hire 407,000 people.
During the January-May period, the number of enterprises resuming operation climbed by 10.5% year on year to 21.700 while another 26,000 temporarily went out of business, up 36.4% over the same period of 2019.