HCM City: nearly 6,000 businesses dissolved in Q1

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VOV News English - 31 month(s) ago 5 readings

(VOV) - Almost 6,000 businesses were dissolved or temporarily stopped operating in Ho Chi Minh City in the first quarter of this year.

Over 3,200 businesses dissolved in two months

Of these, 930 already completed procedures for dissolving and more than 5,000 businesses announced a temporary suspension of operations.

The HCM municipal People’s Committee has instructed banks to reduce lending interest rates, and create favourable conditions for small-and medium-sized enterprises, particularly involved in import-export businesses to access loans from now until the end of this year, which are estimated at VND400,000 billion in total.

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