Firm Entry, Exit and Suspension: Evidence from Household Businesses in Vietnam
Household businesses make up the majority of firms in developing economies. This paper uses a novel tax census database that covers the universe of tax-registered household businesses to analyze the entry and exit of owner-operated firms in Vietnam during January 2018 to August 2020. It documents ne...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2022
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| Online-Zugang: | Volltext |
| Zusammenfassung: | Household businesses make up the majority of firms in developing economies. This paper uses a novel tax census database that covers the universe of tax-registered household businesses to analyze the entry and exit of owner-operated firms in Vietnam during January 2018 to August 2020. It documents new stylized facts about the survival dynamics of informal businesses. First, the entry and exit rates were about 5-6 percent a year for tax-registered household businesses during the pre-pandemic period. Second, an additional 25 percent of household businesses suspended their activity in a year on average, with the annual suspension duration exceeding 2.5 months. The suspension rate spiked to 40 percent during the onset of the COVID-19 pandemic in 2020. Third, the findings show that the pandemic-related effects were more pronounced for businesses dependent on face-to-face interactions with customers and suppliers. However, these effects were short lived, and activity and earnings rebounded by August 2020. The findings may reflect the relatively short COVID-19 distress in Vietnam during the first phase of the pandemic, but they illuminate both the vulnerabilities and resilience of the household business sector |
| Beschreibung: | 1 Online-Ressource (32 Seiten) |
| DOI: | 10.1596/1813-9450-10223 |
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| 520 | 3 | |a Household businesses make up the majority of firms in developing economies. This paper uses a novel tax census database that covers the universe of tax-registered household businesses to analyze the entry and exit of owner-operated firms in Vietnam during January 2018 to August 2020. It documents new stylized facts about the survival dynamics of informal businesses. First, the entry and exit rates were about 5-6 percent a year for tax-registered household businesses during the pre-pandemic period. Second, an additional 25 percent of household businesses suspended their activity in a year on average, with the annual suspension duration exceeding 2.5 months. The suspension rate spiked to 40 percent during the onset of the COVID-19 pandemic in 2020. Third, the findings show that the pandemic-related effects were more pronounced for businesses dependent on face-to-face interactions with customers and suppliers. However, these effects were short lived, and activity and earnings rebounded by August 2020. The findings may reflect the relatively short COVID-19 distress in Vietnam during the first phase of the pandemic, but they illuminate both the vulnerabilities and resilience of the household business sector | |
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| 650 | 4 | |a Home-Based Work | |
| 650 | 4 | |a Household Business Resilience | |
| 650 | 4 | |a Informal Employment | |
| 650 | 4 | |a Informal Sector | |
| 650 | 4 | |a Informality Impact of COVID-19 | |
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| index_date | 2024-07-03T22:27:56Z |
| indexdate | 2025-02-20T07:20:17Z |
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| language | English |
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| spellingShingle | Islamaj, Ergys Firm Entry, Exit and Suspension Evidence from Household Businesses in Vietnam Employment and Unemployment Home-Based Work Household Business Resilience Informal Employment Informal Sector Informality Impact of COVID-19 Labor and Employment Law Labor Markets Law and Development Poverty Reduction Self-Employment Social Protections and Labor Tax Registered Home Business Resilience Work and Working Conditions |
| title | Firm Entry, Exit and Suspension Evidence from Household Businesses in Vietnam |
| title_auth | Firm Entry, Exit and Suspension Evidence from Household Businesses in Vietnam |
| title_exact_search | Firm Entry, Exit and Suspension Evidence from Household Businesses in Vietnam |
| title_exact_search_txtP | Firm Entry, Exit and Suspension Evidence from Household Businesses in Vietnam |
| title_full | Firm Entry, Exit and Suspension Evidence from Household Businesses in Vietnam Ergys Islamaj |
| title_fullStr | Firm Entry, Exit and Suspension Evidence from Household Businesses in Vietnam Ergys Islamaj |
| title_full_unstemmed | Firm Entry, Exit and Suspension Evidence from Household Businesses in Vietnam Ergys Islamaj |
| title_short | Firm Entry, Exit and Suspension |
| title_sort | firm entry exit and suspension evidence from household businesses in vietnam |
| title_sub | Evidence from Household Businesses in Vietnam |
| topic | Employment and Unemployment Home-Based Work Household Business Resilience Informal Employment Informal Sector Informality Impact of COVID-19 Labor and Employment Law Labor Markets Law and Development Poverty Reduction Self-Employment Social Protections and Labor Tax Registered Home Business Resilience Work and Working Conditions |
| topic_facet | Employment and Unemployment Home-Based Work Household Business Resilience Informal Employment Informal Sector Informality Impact of COVID-19 Labor and Employment Law Labor Markets Law and Development Poverty Reduction Self-Employment Social Protections and Labor Tax Registered Home Business Resilience Work and Working Conditions |
| url | https://doi.org/10.1596/1813-9450-10223 |
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