As many as 20,500 new enterprises were established across the country in August with total registered capital of 326.1 trillion VND (12.3 billion USD), up 23.9% in number and nearly 2.8 times in capital compared with July, according to the National Statistics Office (NSO) under the Ministry of Finance.

Workers sort rice papers at Tan Nhien Co. Ltd. in Tay Ninh province.

The average registered capital of a new business reached 15.9 billion VND, more than 2.2 times higher than the previous month and up 71.2% year-on-year.

Meanwhile, 12,400 enterprises resumed operations, down 15% month-on-month but up 46.4% from the same period in 2024.

In the January–August period, 128,200 new firms were registered with total capital of over 1.25 quadrillion VND, up 15.7% in number and 26.1% in capital year-on-year. Average registered capital per new firm stood at 9.8 billion VND, up 9% from a year earlier.

Additional capital injected into the economy during the period reached nearly 4.14 quadrillion VND, a surge of 105.3% year-on-year.

By sector, wholesale and retail, and repair of automobiles and motorbikes led in the number of new businesses with 55,067, but also topped in the number of firms completing dissolution procedures with 6,628.

The processing and manufacturing industry posted the highest growth in new firms, up 28.6% year-on-year, followed by power, water, and gas production and distribution (up 20.6%). The construction sector, however, saw a sharp decline of 11.3% in new registrations.

Accommodation and food services recorded the highest dissolution rate, up 46.1% year-on-year, while wholesale and retail, auto and motorbike repair reported the lowest, up 19.2%.

During the first eight months, 81,100 enterprises resumed operations, a year-on-year increase of 41.4%, bringing the total number of newly established and reactivated firms to 209,200, up 24.5%.

In August alone, 6,500 enterprises registered to temporarily suspend operations, down 11% from July but up 22.5% year-on-year. Another 6,900 firms halted operations pending dissolution procedures, up 56.8% from the previous month, while 3,800 completed dissolution procedures, nearly doubling both month-on-month and year-on-year.

Overall, in the first eight months, 95,000 businesses temporarily suspended operations, up 14.7% year-on-year; 47,800 suspended operations pending dissolution procedures, up 23.7%; and 18,100 completed dissolution procedures, up 31.5%. On average, 20,100 enterprises withdrew from the market each month.

To support business development, the Ministry of Finance has called for addressing institutional bottlenecks, improving access to land and resources, providing interest rate support, and enhancing workforce training.

It is also working on cutting administrative procedures, reducing compliance costs, and introducing tailored tax policies to support small- and medium-sized enterprises and household businesses, with the aim of promoting their transition into larger and more globally competitive firms, alongside infrastructure support in electricity, land rent, and fees.

Newly established and reactivated businesses up by 26.5% in 1st half of 2025

In the first six months of 2025, over 91,200 new businesses were registered nationwide (up 11.8%), while more than 61,500 businesses resumed operations (up 57.2%). This brought the total number of newly established and reactivated businesses to over 152,700, a 26.5% increase compared to the same period in 2024.

 

Bac Ninh stages special art programme to celebrate new provincial establishment

Bac Ninh – On the evening of July 4, the Provincial Party Committee, People’s Council, People’s Committee and Vietnam Fatherland Front Committee of Bac Ninh province held a special art programme to celebrate the establishment of the new Bac Ninh province.

Over 1,500 performers to join grand art show celebrating establishment of new Bac Ninh province

BAC NINH – More than 1,500 artists, amateur performers and students will participate in a special art programme marking the establishment of the new Bac Ninh province at 7:30 p.m. on July 4, according to the provincial People’s Committee.

Bac Ninh industrial park authority established

BAC NINH - Deputy Prime Minister Tran Hong Ha has signed Decision No. 1458/QD-TTg to establish the Bac Ninh Industrial Park Authority.

Viet Nam establishes subcommittee to bolster economic ties with Spain

Deputy Prime Minister Bui Thanh Son has signed a decision establishing a Vietnamese sub-committee under the Joint Committee on Economic, Trade, and Investment Cooperation between the Vietnamese and Spanish Governments.

 

Vietnam establishes first free trade zone in Da Nang

Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.

 

VinFast to establish over 100 service centres in Philippines

Four Philippine partners will operate official VinFast service centres offering maintenance, repairs, and customer care for EVs in line with the company’s global standards.