Tag: Hanoi-Kinh Bac Agriculture and Food Joint Stock Company

According to the Ho Chi Minh City Business Association, the textile and garment industry continues to grapple with the adverse effects of declining demand and rising production costs. As a result, numerous companies have been forced to scale back operations, with some even facing bankruptcy as the Lunar New Year approaches.

According to the Statistics Bureau, in December 2025, nearly 17,200 new businesses were established nationwide, with a registered capital of 166 trillion VND and 100,600 registered employees. This represents a 14% increase in the number of businesses, a 3% rise in registered capital, and a nearly 21% growth in the workforce compared to November.

The Ho Chi Minh City government has outlined three ambitious growth scenarios for 2026. The most optimistic scenario targets a 10% growth rate, contingent on favorable conditions and the early implementation of the revised Resolution 98 mechanism. This scenario also aims to achieve a total budget revenue exceeding 805 trillion VND.