The latest statistics on business registrations reveal that in May, over 15,100 new businesses were established in the country, with 8,000 businesses resuming operations.
On the other hand, more than 5,920 businesses registered for temporary suspension of operations with a fixed term; 6,535 businesses temporarily ceased operations pending dissolution procedures; and 1,909 businesses completed dissolution procedures. This brings the total to 14,368 businesses.
Cumulatively, in the first five months of 2025, 111,800 new businesses were established and resumed operations. During this period, 111,600 businesses exited the market. This results in a ratio of approximately 1:1, indicating that for every new business entering the market, one business exits.
Over 111,000 businesses exited the market, roughly equal to the number of newly established businesses.
The average registered capital of a new business was 9.7 billion VND, a decrease of 2.7% compared to the same period last year.
On average, more than 22,300 businesses exit the market each month. The wholesale, retail, and automobile repair sector leads with over 3,500 businesses dissolved in the first five months.
The manufacturing industry had 1,015 businesses dissolve during this period.
A survey on business trends among manufacturing industries, conducted by the Statistics Bureau, revealed that 15% of businesses anticipated increased difficulties in the second quarter. Meanwhile, nearly 40% of businesses expected stable production and operations, and the remaining businesses predicted a positive outlook.
Currently, there are approximately 940,000 active businesses in the country, most of which are small, medium, and micro-enterprises. According to experts, this group is vulnerable to market fluctuations, weather changes, and epidemics. The goal of reaching 1 million businesses by 2020 has not yet been achieved, highlighting the challenges in establishing and sustaining businesses.
Over 15,000 New Businesses Established with a Significant Rise in Capital in May
The surge in new business formations and reactivated enterprises in the first five months of the year indicates that the economy continues to sustain its recovery and growth momentum.
The FDI Magnetism Rankings for the First 11 Months of 2024: Bac Ninh Sustains its Top Spot, with a Dark Horse Province Surpassing Ho Chi Minh City to Claim Second Place.
The Foreign Investment Agency (Ministry of Planning and Investment) noted that in the first eleven months of 2024, registered FDI capital continued to rise slightly (1%) compared to the same period last year, albeit at a slower pace, down by 0.9 percentage points from the ten-month period. Notably, November witnessed a substantial surge in investment volume compared to previous months, attracting nearly USD 4.12 billion, accounting for 13.1% of the country’s total investment in the eleven-month period.
The Alluring Art of Words: Crafting Captivating Copy and Capturing Online Visibility
“The Banking System’s Total Assets Surpass 21,000,000,000,000,000 Dong: A Financial Milestone”
According to statistics released by the State Bank of Vietnam, as of June 30, 2024, the total assets of the entire credit institution system reached an impressive 21,070,762 billion VND, marking a significant 4.97% increase from the end of 2023. This substantial growth showcases the robust health and expansion of Vietnam’s credit institutions, highlighting their vital role in the country’s thriving economy.
FDI Realized for the First Four Months Sets a Five-Year Record
According to the socio-economic report in April and the first four months of the year from the General Statistics Office, foreign direct investment (FDI) in Vietnam in the past four months is estimated to reach 6.28 billion USD, an increase of 7.4% compared to the same period last year. This is the highest FDI ever in the first four months of the year in the past 5 years.
