Teleconference between Government, businesses to take place this weekend

The event will be co-hosted by the VCCI, the Ministry of Planning and Investment, the Government Office and people’s committees of centrally-run cities and provinces.

Data from the General Statistics Office (GSO) showed that in August, the number of firms leaving the market was higher than newly-established ones. In eight months of this year, there were 81,600 newly-established firms but up to 85,500 left the market.

Among those leaving the market, 43,200 firms suspended their operations for a fixed period, up 25.9%. Other 30,100 waited for and 12,200 completed business dissolution procedures, marking a respective increase of 24.5% and 17.8%. On average, nearly 10,700 companies left the market each month.

The GSO also reported that the numbers of new firms and workers, and registered capital in August decreased markedly year-on-year.

As of September 24, the VCCI received suggestions from over 100 business associations and hundreds of firms regarding response to the pandemic. Based on them, the VCCI will make a report to submit to the event.

Earlier on September 17, the VCCI debuted the Business Cooperation Council in response to COVID-19 to offer the quickest support to business community. The council has launched the website https://covid19.vcci.com.vn and put into operation an online platform where firms could report their difficulties and offer proposals to the Government and localities.

Business associations or firms could register for a member of the council via the website and send recommendations to the event so that the VCCI could collect them and report to the PM and agencies concerned.