Hanoi (VNA) – As many as 116,300 enterprises registered for establishment, up 3.1% year on year, ꧟with combined registered capital of 1,086.8 trillion VND, down 14.6% year on year, in the first nine monꦐths of 2023, the General Statistics Office (GSO) reported on September 29.

In the January-September period, 48,900 enterprises resumed their operations, a year-on-year decline of 3.2%, raising the total number of newly-established businesses and firms resuming operations to 165,200, up 1.2% year on year.

In September alone, therewere 12,684 new enterprises with total registered capital of 117.2 trillion VND(4.8 billion USD) and 80,000 labourers, up 10.6% in the number of enterprises, down 13.9% in terms of registered capital and up 29.3% in the number of employees compared with the same period.

In the review period, thenumber of enterprises that temporarily suspended operations for a certain period of time was 75,800, up 21.2% from𝔉 the same period last year.

Meanwhile, 46,100 businesses stopped their operations, waiting for dissolution procedures, up 26% year on year, and 13,200 enterprises completed dissolution procedures, down 4.3%.

Results of a survey onbusiness trends of enterprises in the processing and manufacturing industry inthe third quarter of 2023 showed that 30.1% of the respondents believed that their business performance was better thanin the second quarter, while 37.5% said that the production andbusiness situation was stable and 32.4% said they were facingdifficulties.

GSO General Director Nguyen Thi Huong said the industrialproduction situation will be better in the fourth quarter than the thirdquarter of 2023 in terms of production volume and export orders, adding that theycan’t obtain high growth momentum but are expected to prosper compared with thefirst nine months of the year.

She suggested some solutionsto support the industrial sector in overcoming difficulties, stabilising and developing production, which include stabilising electricity, water, and fuel prices tolimit increases in production costs.

Huong also underlined the need to stimulatedemand in the domestic market to assist businesses in finding partners to selltheir products. It is necessary to re♋duce loan interest rates and facilitate proceduresrelating to accessing loans for businesses that face financial difficulties,especially small and micro-size enterprises so that they have capital to promote productionand business activities in a more timely and effective manner, she said./.