VIỆT NAM SEES 11.3% RISE IN NEW, REACTIVATED BUSINESSES IN FIVE MONTHS

From January to May, nearly 66,800 new enterprises were licensed, representing a 0.6 per cent year-on-year rise. These firms brought in VNĐ647.1 trillion in total registered capital and employed some 453,900 workers, up 6.2 per cent.

Đại Đồng Tiến plastic company. In May alone, over 15,100 new enterprises were set up, registering a total capital of around US$6.02 billion. — VNA/VNS Photo

HÀ NỘI — Việt Nam saw nearly 111,800 newly established and reactivated enterprises in the first five months of 2025, reflecting an 11.3 per cent year-on-year increase, according to the National Statistics Office (NSO).

On average, approximately 22,400 businesses entered or re-entered the market each month.

In May alone, over 15,100 new enterprises were set up, registering a total capital of VNĐ156.7 trillion (around US$6.02 billion) and 98,100 workers. While the number of new firms declined marginally by 0.6 per cent and employment dropped by 23.1 per cent compared to April, the registered capital recorded a notable 17.3 per cent rise.

Compared to May 2024, last month posted strong growth, with new enterprises up 6.1 per cent, registered capital up 16.6 per cent, and employees up 29.3 per cent. The average capital per business reached VNĐ10.4 billion, an increase of 18 per cent month-on-month and 9.9 per cent year-on-year.

Besides, over 8,000 businesses resumed operations in May, falling 11.1 per cent from April but still growing 18.8 per cent against the same month last year.

From January to May, nearly 66,800 new enterprises were licensed, representing a 0.6 per cent year-on-year rise. These firms brought in VNĐ647.1 trillion in total registered capital and employed some 453,900 workers, up 6.2 per cent.

A standout figure was the additional capital injected into the economy, which reached almost VNĐ2.28 quadrillion over the period, a year-on-year jump of 83.8 per cent, indicating robust investment expansion among existing businesses.

Meanwhile, enterprises resuming operations during the five months also surged, totalling more than 45,000, up 32.2 per cent from the same period last year.

The services sector continued to drive growth, with nearly 50,900 new businesses, up 2 per cent. The industry and construction sector recorded over 15,200 new firms (down 3.9 per cent), and the agriculture, forestry, and fisheries sector saw 627 new entries (down 1.7 per cent).

Despite the positive momentum, business closures also rose. In the first five months, nearly 74,600 enterprises temporarily suspended operations (up 12.8 per cent), over 27,500 were in the process of dissolution (up 18.3 per cent), and nearly 9,600 completed dissolution procedures (up 15.7 per cent) compared to the same period in 2024.

That means more than 22,300 businesses withdrew from the market each month, almost equivalent to the number of those newly established or resuming operations, showing the market was dynamic but also full of competition and challenges, said the NSO. — VNS

Source: VNS