Most dissolved businesses of small scale

The number of dissolved businesses last year dropped 3.2 percent against the previous year to 9,501, most of them were of small scale with registered capital of less than VND10 billion (US$467,000) each.

According to a report by the Business Management Department under the Ministry of Planning and Investment, last year the country saw the return of 15,419 businesses that temporarily stopped operation, up 7.1 percent over 2013.

This figure showed that the economy has recovered and created more investment and trading opportunities for those running into difficulties, said the department.

By T.Quang – Translated by Hai Mien

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