According to the latest data from the General Statistics Office (Ministry of Finance), there were 174,000 new and reactivated businesses in the first seven months of 2025, marking a 22.9% increase compared to the same period in 2024. This indicates that businesses remain optimistic about existing opportunities, despite the economy’s ongoing challenges amidst global economic uncertainties.
Of these 174,000 businesses, 107,700 were newly registered, with a total capital of VND 928.4 trillion, representing a 10.6% increase in number and a 5.5% rise in capital compared to the previous year.
Notably, the total additional registered capital injected into the economy during this period exceeded VND 3,300 billion, surging by 93.7%. This signifies that both new and existing businesses are actively investing more to expand their operations, reflecting their confidence in the economic recovery prospects.
As per the National Business Registration System, the additional capital of operating businesses in the first seven months of 2025 amounted to over VND 2,400 billion, nearly 2.9 times higher than the same period in 2024.
In terms of sectoral breakdown, the service sector remains the main driver, with 83,200 new businesses, accounting for a 13.1% increase. Wholesale and retail trade, as well as manufacturing industries, also exhibited robust growth, at 16.8% and 19.6% respectively, indicating the resilience of the economy’s key pillars.
However, the less optimistic aspect of the business landscape during this period is reflected in the number of businesses exiting the market and a slowdown in new business registrations in July 2025. Compared to June 2025, the number of newly established businesses in July 2025 decreased significantly by 32.3%, and registered capital also dropped by 33.6%. The average registered capital per enterprise stood at VND 7.1 billion, a 15.6% decline year-on-year, suggesting a trend towards smaller-scale startups.
This slowdown occurred alongside a persistent high number of businesses exiting the market. During the seven-month period, 144,400 businesses had to temporarily cease operations, await dissolution procedures, or complete dissolution. On average, 20,600 businesses per month were forced to exit the market, nearly matching the number of new entrants, creating a delicate balance. This highlights the persistently challenging business environment.
Out of the 144,400 businesses that left the market, the number of temporarily ceased businesses with a time limit increased by 13.6% (88,600 businesses), those awaiting dissolution procedures rose by 16.7% (41,500 businesses), and completely dissolved enterprises surged by 20.5% compared to the same period last year (14,300 businesses). These figures reflect the challenges businesses are facing, ranging from competitive pressures and input costs to shifting market demands.
A closer look at specific industries reveals a clear differentiation in performance.
The construction sector is facing significant challenges, with a 16.8% decline in new businesses compared to the previous year. In contrast, the manufacturing industry demonstrates resilience with a 19.6% increase in new enterprises.
Even within seemingly vibrant sectors like accommodation and food services, the dissolution rate soared by 35.6%, underscoring the intense competition and high turnover within these industries.
The Contrasting Shades of the 2025 Corporate Landscape
The business landscape in the first seven months of the year has been a study in contrasts. While there has been a notable increase in new business formations and a resurgence of previously dormant enterprises, the number of businesses exiting the market has also raised warning signs of significant challenges ahead.
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