More than 230 businesses close each month
According to a report from the People's Committee of Quang Nam province, in the first 4 months of 2025, the whole province had 444 newly established enterprises, an increase of 7.8% over the same period last year. However, the total registered capital only reached about VND 2,490 billion, down 7.5%. This shows a cautious trend in investment.
On the contrary, the number of enterprises withdrawing from the market will reach 927 enterprises, an increase of 12.9% over the same period in 2024. This figure includes enterprises that have temporarily suspended operations, are waiting for dissolution procedures and are completely dissolved.
On average, more than 230 businesses have to leave the market each month. The main reasons come from increased operating costs, difficult product output and problems in administrative procedures.
Business activities have shown signs of recovery in the number of new registrations, but the number of businesses withdrawing is still high, reflecting that the business environment still faces many challenges" - Quang Nam Provincial People's Committee commented.
At the same time, the number of enterprises returning to operation was 221, down 13% over the same period, showing that the "revivation" trend of the business community is still weak and unsustainable.
Mr. Nguyen Van A, the owner of a construction business in Tam Ky City, shared: The cost of raw materials and labor has increased continuously, while the bidding packages have been delayed or paid late, causing cash flow to be interrupted. We have been forced to temporarily suspend operations to cut losses.
Financial burden and land bottlenecks
In the context of businesses facing difficulties, public investment capital is becoming even more important. The province's 2025 public investment capital plan is more than VND 8,312 billion, of which more than VND 8,155 billion has been allocated in detail, reaching 98%.
However, by the end of April 2025, only more than VND 1,349 billion had been disbursed, reaching 16.2% - although higher than the national average (14.32%), but still lower than the required.
The leaders of Quang Nam province said that the main reason for the slow disbursement progress is due to problems in compensation and site clearance and some projects having to temporarily suspend them pending adjustments according to the new administrative unit arrangement plan.Another worrying signal is that the number of enterprises owing financial obligations for land is at a high level. According to statistics, there are currently 35 residential and urban area projects in the province that still owe more than VND2,080 billion in land use fees and land rents. Of which, land use fee debt accounts for more than VND 2,011 billion, the rest is one-time land rent and late payment fees.
This situation not only causes difficulties for businesses but also affects state budget revenue, slowing down the development of urban projects and technical infrastructure in the province.
To reduce the speed of businesses withdrawing from the market, Quang Nam is focusing on improving the investment environment, increasing the efficiency of public investment disbursement and transparency administrative procedures to help businesses firmly step in this period of many fluctuations.
