HANOI: The business community’s confidence in the government’s drastic and timely solutions has caused the number of businesses re-operating to increase sharply in the first two months of 2022, according to the General Statistics Office (GSO).

       The latest report of GSO has shown that 22,300 enterprises returned to operation in the first two months of this year, up 102.5% over the same period in 2021.

       The total number of newly-established and re-operating enterprises during the first two months reached 42,600, an increase of 46.2 per year. Of this, Vietnam had nearly 20,300 newly registered enterprises, up 11.9% in several enterprises but down by 17.1% in the registered capital on year.

       The average registered capital of a newly established enterprise also decreased by 25.9% compared to the same period in 2021.

       Also, in the first two months, the number of enterprises temporarily suspending business was 32,700, an increase of 51.3% over the same period last year, while 8,900 enterprises ceased operation to wait for completing procedures on dissolution, up 6.3%.

       However, according to the GSO, the indexes on enterprises in February 2022 were quiet compared to the previous month. One of the reasons for this situation was the long Lunar New Year holiday. In February, Vietnam had 7,284 newly established enterprises.

       To support the enterprises, the GSO has proposed ministries and sectors continue implementing Government Resolution No 128/NQ-CP last October on the safe and flexible adaptation to and control of the pandemic.

       At the same time, they need to ensure an adequate supply of raw materials and energy for production recovery and socio-economic development, remove difficulties for important industrial projects, and help factories restore production to keep orders and supply chains.

       To be proactive in production for the economy that more than 85% of the manufacturing industry’s output is for export, Minister of Industry and Trade Nguyen Hong Dien said an important task this year was the implementation of solutions to restructure the industry and trade sector based on science and technology, innovation and digital transformation. — Viet Nam News/ANN