Hanoi (VNA) – A total of 4,304 companies resumed their operationsin October, up 29.8 percent against September, and down 14.7 percentyear-on-year, according to the General Statistics Office.

In the month, Vietnam saw 8,233 new enterprises established,with a total registered capital of 108.6 trillion VND (4.77 billion USD) and58,800 labourers, up 111.2 percent in quantity, 73.9 percent in capital, and17.9 percent in the number of employees compared to those of September.

However, the figures were still down 32.5 percent inquantity, 34.4 percent in capital, and 18.8 percent in the number of labourerscompared to those of the same period last year.

In October, 3,492 firms suspended operations, up 55.9 percent month-on-month; 3,048 stopped operation pending completing dissolution procedures, up 21.5 percent; and 806 units completeddissolution procedures, up 33 percent.

In the first ten months of 2021, 93,700 new companies wereset up, with a combined capital of nearly 1.3 quadrillion VND and 707,700employees, down 15.7 percent in the number of firms, 18.2 percent in capitaland 16.8 percent in the number of labourers year-on-year.

In the period, 35,300 firms resumed operations, down 6.3percent year-on-year. Meanwhile, 48,500 companies temporarily ceased operation for fixed period;35,000 others stopped operation awaiting to complete dissolution procedures; and 13,600 firms dissolved, up 16 percent, 15.7 percent and 0.8 percent year-on-year,respectively.

To help businesses overcome difficulties, the Governmentissued Decree No. 92/2021/ND-CP dated October 27 detailing the implementationof Resolution No. 406/NQ-UBTVQH15 of the National Assembly Standing Committee onsolutions to support businesses and people affected by the COVID-19 pandemic.

The decree outlines four groups of tax exemption and reductionmeasures, including reducing corporate income tax payable in 2021 forbusinesses , organisations with a revenue of no more than 200 billion VND and adecrease in revenue in 2021 compared to 2019; tax exemption (personal incometax, value-added tax and other taxes) in the third and fourth quarters of 2021for business households and individuals that have production and businessactivities in district-level localities affected by the pandemic in 2021; reductions invalue-added tax rates for groups of goods and services in various industries;and exempting late payment interest arising in the 2020 and 2021 for businessesand organisations that saw losses in 2020./.