VIETNAM HAS 35,500 NEW MARKET ENTRANTS IN FIRST TWO MONTHS

Workers assemble mechanical components at a manufacturing facility in Vietnam - PHOTO: VNA

HCMC – Nearly 35,500 businesses were newly registered in Vietnam in the first two months of 2026, surging 70.7% year-on-year, according to data released by the National Statistics Office on March 6.

Total registered capital of the new firms reached nearly VND313.7 trillion, up 36.1% from the same period last year. Registered employment exceeded 167,500 workers, increasing 19.1%.

Average registered capital per new enterprise was VND8.8 billion, down 20.3% from a year earlier.

Including additional capital from operating companies, total capital injected into the economy reached nearly VND851.9 trillion in the period, up 20.1%. Existing firms contributed more than VND538.2 trillion in additional capital.

Around 29,000 enterprises resumed operations during the two-month period. Combined with new registrations, nearly 64,500 businesses entered or re-entered the market, up 29.4% year-on-year.

New business formation increased across all three main sectors. Agriculture, forestry and fisheries recorded the fastest growth, with 440 newly established enterprises, rocketing 145.8% from a year earlier. The industry and construction sector saw 8,199 new firms, surging 71.5%. Services accounted for the largest share, with more than 26,800 enterprises, climbing 69.6%.

In February alone, about 11,300 enterprises were newly registered. The figure plunged 53.2% from January and registered capital declined 26.6%. However, the number of new firms was still 11.6% higher than in February last year.

Nearly 6,200 businesses resumed operations in February, down sharply from the previous month.

Data also showed a large number of firms leaving the market. In the first two months, nearly 58,500 enterprises temporarily suspended operations, up 2.8% year-on-year. More than 10,600 firms stopped operations pending dissolution procedures, up 66.3%. Nearly 7,900 enterprises completed dissolution procedures, soaring 110.2%.

In February, the number of enterprises suspending operations and dissolving fell 92.2% and 28.6% compared with January, respectively.

Source: The Saigon Times

Related News

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET

Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.

Oct 14, 2026

TECHNOLOGY

AI BEGINNING TO RESHAPE RECRUITMENT CRITERIA

Digital literacy is the only capability area in which fresh graduates meet employers’ expectations, according to a new report. Yet, it is also the standard rising fastest, as businesses increasingly expect new hires to use AI effectively in the workplace. Some 83 per cent of employers say AI has changed, or is beginning to change, their hiring criteria, while 94 per cent report higher expectations for digital and AI capabilities than they had two to three years ago.

Oct 14, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL

The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS

Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026

Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.

Oct 14, 2026

GARMENT / TEXTILE

TEXTILE EXPORTS FACE DUAL CHALLENGES OF SUSTAINING ORDERS AND BOOSTING EFFICIENCY AMID GROWING COMPETITION

Data shows that the textile and garment sector maintained its growth momentum in the first nine months of this year. The industry's total export turnover reached an estimated US$35.721 billion in the first nine months of this year, up 3.3 per cent year-on-year. Despite posting encouraging export figures, Vietnamese textile and garment enterprises continue to navigate unpredictable market variables.

Oct 14, 2026