620 real estate businesses went bankrupt in Jan-Aug
05/05/2020 11:49 | Source: ThanhnienViet
In the first 8 months of 2020, the number of closed real estate enterprises reached 620, according to data released by the General Statistics Office.

620 real estate businesses closed during Jan-Aug 2020.

According to a report recently released by the General Statistics Office on the new business registration situation in August and the first 8 months of 2020, newly established enterprises has not been significantly affected. The reason is that the first outbreak of pandemic was well controlled and the second outbreak just started at the end of July.

Real estate ranked first in the number of enterprises that went bankrupt, with 620 enterprises, followed by F&B with 589 enterprises; employment services, tourism, machinery and equipment rental, and other support services with 566 enterprises.

Enterprises completing dissolution procedures mainly operated in the fields of wholesale, retail, repair of cars and motorbikes with nearly 3,800 businesses.

Data of the General Statistics Office also showed the number of newly registered enterprises in August increased by 1.5% compared to July, at 13,400 enterprises. For the whole 8 months, the number of newly registered enterprises reached 88,700, a decrease of 2% year-on-year.

During 8 months, about 10,400 enterprises completed dissolution procedures, while 34,300 ones suspended operations, and 24,400 other ones stopped operating and waited for dissolution procedures.