Nearly 95,000 Businesses Deregistered in Vietnam in 8 Months, Doubling Last Year's Pace
Vietnam saw approximately 95,000 businesses and organizations complete tax code deregistration in the first eight months of the year, a twofold increase compared to the same period last year. However, the majority of these cases involved backlogged applications from previous years, indicating a more limited actual withdrawal from the market. Tax authorities are intensifying efforts to clean up business registration data and prevent fraud.
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