Number of new enterprises surges 28.1 percent in 11 months
More than 86,800 new enterprises were registered in 11 months ending in November, a 28.1 percent year-on-year increase, according to the General Statistics Office of Vietnam.
Hanoi (VNA) – More than 86,800 new enterprises were registered in 11 months ending in Nove༺mber, a 28.1 percent year-on-year increase, according to the General Statistics Office of Vietnam.
The new enterprises registered total capital of 538.7 trillion VND (23.9 billion USD), hiking up 37.7 percent compared to the same time last year. In addition, operational enterprises pumped an additional 742 trillion VND (33 billion USD) into their activities in the period.
As a result, more than 1.3 million jobs were created, up 32.9 percent against the same period in 2014.
November saw the establishment of over 9,300 enterprises with total registered capital of 52.6 trillion VND (2.3 billion USD), posing a 19.9 percent increase in number and 35.5 percent rise in capital from October.
The Office also reported that 18,646 enterprises resumed their operation in 11 months, 31.2 percent higher than last year’s figure, said to be spurred by economic recovery and Government’s efforts to improve business climate and support firms to overcome difficulties.
Meanwhile, some 62,713 companies were dissolved or suspended operation during January- November, up 21.4 percent from last year. The figure for November was 4,768 firms.-VNA
As many as 37,315 businesses were established in the first half of 2014 with a total registered capital of 230,924 billion VND, up 19.3 percent from the same period in 2013, the Government news portal reported.
As many as 53,192 new businesses have been set up in the first nine months of 2014 with a total registered capital of over 320 trillion VND (15.2 billion USD), up 13.9 percent in terms of capital compared to the same period in 2013.
The scale of Vietnamese businesses has decreased with the average registered capital of a newly-established firm till July this year being 6.2 billion VND (284,400 USD).
In the first four months of the year, 28,235 new enterprises were recorded nationwide, likely generating jobs for 427,900 labourers, the General Statistics Office has said.
Legal and administrative procedures were the biggest challenges facing start-up businesses, according to a forum attended by Deputy Prime Minister Vu Duc Dam on August 12.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Workers at a footwear company (Photo: VNA)
