Owners of more than 500 tourist boats in Halong Bay in Quang Ninh Province are on the verge of bankruptcy as their tourist boats have been lying idle for over a year due to Covid-19, so they have turned to the prime minister for help.

Large movie theater chains in Vietnam, such as CGV, Lotte, Galaxy and BHD, have requested the prime minister for urgent help to cope with difficulties triggered by the Covid-19 pandemic.

The number of newly established enterprises is still increasing, but the rate of businesses withdrawing from the market has also risen.

Fusion Suites Saigon on Suong Nguyet Anh Street in District 1, HCMC, is being listed for sale at VND1,165 billion (US$50 million).

Amid the impact of COVID-19, as many as 10,400 businesses completed procedures for dissolution in the first eight months of the year.

VietNamNet Bridge - The barriers that exist in state management as well as high operation costs have contributed to the high number of dissolved businesses. 

VietNamNet Bridge - The Q4 2016 audited finance report of the Thai Nguyen Iron & Steel Corporation (Tisco) shows that the company had debts of VND6.078 trillion, half of which were short-term debts. 

 VietNamNet Bridge – Coach operators are facing bankruptcy after Ha Noi’s Transport Department moved their departure point from My Dinh Bus Station to Nuoc Ngam Bus Station on January 01.

VietNamNet Bridge - While the national economy is in strong recovery, inflation has been curbed and p administration reform has been simplified, the number of dissolved businesses has been increasing rapidly.

 VietNamNet Bridge – The unemployment rate in Ha Noi has increased slightly in the first three months of this year, with 7,113 people registered for unemployment insurance benefits,

 Japanese police have arrested the CEO of the failed company MtGox, which was once the world's biggest exchange of the virtual currency, bitcoin.

VietNamNet Bridge - Many joint ventures with foreign partners become wholly foreign owned businesses after long periods of taking losses. This could occur with K+, a joint venture between Vietnam Television (VTV) and French Canal Plus.

The 2008 Law on Promulgation of Legal Normative Documents stipulates that ministries and branches must collect opinions from subjects to be covered by laws when drafting laws and legal documents. 

 VietNamNet Bridge – The Ministry of Industry and Trade last week issued a new rule removing obstacles shouldered by auto importers since Circular 20/2010/TT-BCT, allowing them to enjoy simpler procedures in clearing vehicles

 More than 16,000 businesses were either dissolved or suspended operations during the first two months of this year, said the General Statistics Office.

While dissolution and bankruptcy both lead to the termination of a company’s activities, their causes, settlement procedures, legal consequences, and liabilities of the proprietor after the two events are very different.

VietNamNet Bridge –The Ministry of Transport has almost completed its evaluation of Viet Nam National Shipping Lines so that it can create an equitisation plan to submit to the Government.

 VietNamNet Bridge – Enterprises need Government support to restore production and develop, To Hoai Nam, vice chairman of the Viet Nam Association of Small and Medium Enterprises, told Hai quan (Customs) newspaper.

Having a book value of VND1 trillion and original investment capital of VND1.6 trillion, the ships of Vinashinlines may eventually be sold at scrap iron prices as complicated bankruptcy procedures have stalled its operations.