Despite ongoing economic challenges, Vietnam’s business landscape witnessed a positive shift in the first five months of this year. According to statistics from the General Statistics Office, for the first time in 2025, the number of businesses entering the market surpassed those exiting it.
In the year’s initial five months, nearly 74,554 businesses temporarily ceased operations for a fixed period, marking a 12.8% increase from the previous year. Additionally, 27,517 businesses temporarily halted activities pending dissolution procedures, an 18.3% rise, while 9,554 businesses completed dissolution procedures, up by 15.7%.
In total, 111,625 businesses exited the market during the first five months, equivalent to an average of over 22,300 businesses leaving the market monthly.
Turning to the number of businesses that joined the market in the same period, statistics show 66,764 newly established enterprises, a 0.6% increase from the previous year, and 45,048 businesses resuming operations, a significant 32.2% surge. Combined, 111,812 businesses entered the market.
These new enterprises registered a total capital of VND 647,111 billion and employed 453,903 people. Compared to the same period last year, registered capital decreased by 2.2%, while the number of employees increased by 6.2%. The average registered capital of a newly established enterprise in the first five months of 2025 reached VND 9.7 billion, a 2.7% decline from 2024.
The total additional registered capital injected into the economy in the first five months of this year amounted to nearly VND 2.28 quadrillion, an impressive 83.8% increase compared to the same period in 2024.
For the first time this year, the number of businesses entering the market has outpaced those exiting. Previously, in the first four months, there were over 96,500 businesses leaving, outnumbering the 89,900 that entered.
Notably, in the education and training sector (under services), there were 5,542 newly registered businesses, ranking fourth after construction with 5,943, manufacturing with 8,537, and wholesale and retail with 24,940.
This 260.9% increase in the education and training sector is the highest among all industries and comes despite the Ministry of Education and Training’s ban on extra classes for primary school students since the beginning of the year.
The Great Business Exodus: 111,000 Companies Bid Adieu in Just One Month
The latest figures from the Statistics Office of the Ministry of Finance reveal a concerning trend. In the first five months of this year, over 111,000 businesses exited the market, a number that is alarmingly close to the number of newly established and reactivated businesses combined.
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.
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“In the ASEAN region, Vietnam boasts the fourth-largest GDP, only surpassed by Indonesia, Thailand, and Singapore. “
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“Mr. Michael Kokalari, Head of Macroeconomic and Market Research at VinaCapital, asserts that the core vision of Resolution 68 on private economic development is to foster a rapidly growing, sustainable, high-quality, and globally competitive private sector. The UK-based independent economic forecasting center estimates that Vietnam will join the ranks of the world’s 25 largest economies by 2039.”
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“At the National Conference on the implementation of Resolution 68, the Prime Minister emphasized the need to dismantle prejudices and recognize the private sector as the most important pillar and driving force of the economy. He stressed the importance of vigorously promoting a culture of entrepreneurship, innovation, and international integration.”
