Acting on Prime Minister Pham Minh Chinh’s directive, the Government Office sent a dispatch to the leaders of several companies, including Vingroup, Sungroup, Geleximco, FPT, Masan Group, TH, THACO, Hoa Phat, REE, and Sovico, inviting them to a conference.
The conference, scheduled for 8 am on September 12, 2024, at the Government Headquarters, but temporarily postponed, aims to address challenges faced by private corporations, facilitate production and business activities, boost economic growth, maintain macroeconomic stability, and resolve issues pertaining to major projects.
Since the beginning of the year, businesses have encountered numerous difficulties due to the complex global economic situation, including escalating exchange rates, unresolved real estate entanglements, and subdued consumer demand in the post-COVID-19 era.
According to statistics from the General Statistics Office, in the first eight months of 2024, nearly 110,800 new enterprises were established nationwide, with a registered capital of VND994.7 trillion and a registered labor force of over 672,000 workers. These figures represent a 4.4% increase in the number of enterprises, a 0.7% rise in capital, and a 1.9% decrease in labor force compared to the same period in 2023.
Additionally, more than 57,300 businesses resumed operations (a 25.3% increase compared to the same period last year), bringing the total number of newly established and reactivated enterprises in the first eight months of 2024 to nearly 168,100, a 12.5% increase year-on-year.
However, the number of businesses that temporarily ceased operations increased by 15.3% year-on-year to over 82,800. Meanwhile, nearly 38,700 businesses temporarily halted activities while awaiting dissolution procedures, a decrease of 5.8%, and 13,300 businesses completed dissolution procedures, an increase of 18% compared to the same period last year.
The Hottest Real Estate Area in Thai Binh, Identified as the City’s Key Satellite Town
The southern area of Thai Binh city presents an opportune setting for a vibrant and modern satellite city. With a host of ongoing projects and a ring road that interconnects with neighboring commercial hubs, this area is poised to become a dynamic urban center.
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## Top Banker: Banks Have Shared a Great Deal with Businesses
As per Vice Governor Dao Minh Tu, the current lending rate for new loans stands at an average of 6.23%, marking a notable decrease of 0.86% since the end of 2023.
The Four Real Estate Segments that Weather the Storm and Why
According to Savills Vietnam, the real estate market continues to be buoyed in certain sectors, including industrial, retail, office, and residential properties.
The Power of the Vietnamese Dong: A Central Bank Perspective
From early 2024 onwards, in the face of international market pressures and domestic challenges, the State Bank of Vietnam has implemented a range of measures to support the Vietnamese Dong (VND).
Unlocking Opportunities: ASEAN Businesses Thrive in Ho Chi Minh City
As Vietnam’s economic and financial powerhouse, Ho Chi Minh City is committed to fostering a conducive environment for investors and businesses to thrive. We are open for business and ready to collaborate for mutual growth and success.
