Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM HAS OVER 15,000 NEW MARKET ENTRANTS IN OCT
October saw 15,435 companies being established with total pledged capital of VND126 trillion, showed data of the General Statistics Office (GSO).
In comparison to the same period last year, the number of new businesses set up in October this year was 18.5% higher and their capital increased by 17.7%. Their employment rose 71.2% year-on-year.
The number of businesses that suspended operations in October was 5,500, a 33% increase against the previous month and a nearly 36% rise versus 2022.
From January to October, Vietnam had 131,800 new companies established with total pledged capital of VND1.2 quadrillion. While this reflects a 4.7% increase in the number of businesses, it also shows a 12% decrease in pledged capital. These businesses have collectively created 880,000 jobs, up 5.4% year-on-year.
According to the GSO, nearly 18,400 businesses were established and resumed operations each month in the nine-month period.
In the first 10 months of this year, the number of businesses temporarily suspending operations reached 81,000, a 22% year-on-year increase. On average, 14,700 businesses exited the market per month.
Source: The Saigon Times
Related News
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTORS SEEK INVESTMENT OPPORTUNITIES IN BAC NINH
Many Chinese investors are accelerating their plans to expand investment and increase their presence in Bac Ninh by proposing new projects in key sectors such as high technology, electronics, AI, and digital infrastructure. Several large enterprises are also encouraging long-term investment plans in the locality. In late May, a delegation of Chinese enterprises met the province’s leadership to discuss policies related to energy storage, AI computing infrastructure, power supply capacity and industrial park resources.
TECHNOLOGY
VIETNAM POSTS SECOND-HIGHEST AI ADOPTION IN SOUTHEAST ASIA
Microsoft noted that AI adoption in Vietnam has increased stably from 21.2 per cent in the first half of 2025 to 26.5 per cent in the first quarter of 2026. In Southeast Asia, Vietnam trails behind Singapore at 63.4 per cent. Meanwhile, Vietnam outperformed most Southeast Asian peers in AI adoption, including Malaysia (21.8 per cent), the Philippines (20.1 per cent), and Thailand (12.4 per cent).
TECHNOLOGY
VIETNAM AIMS FOR 10 STRATEGIC TECH FIRMS WORTH $1 BILLION BY 2030
The plan, unveiled on June 17, seeks to drive the development of digital infrastructure, workers, data, strategic technologies, and cybersecurity during the 2026-2030 period. Under the scheme, large-scale strategic technology companies must meet several criteria simultaneously, including annual revenue of at least $1 billion and an average workforce of no fewer than 5,000 employees.
MEMBER CORNER / PROMOTIONS
LG INNOTEK EXPANDS SEMICONDUCTOR INVESTMENT IN VIETNAM
Vietnam continues to strengthen its position as a preferred destination for high-tech manufacturing investment. Most recently, LG Innotek signed an investment agreement with Hai Phong City to develop a new semiconductor substrate manufacturing facility, marking the company's first semiconductor substrate production project in Vietnam.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
HCMC APPROVES MAJOR PROJECTS WORTH VND155 TRILLION
The HCMC People’s Council has approved a series of major transport and urban redevelopment projects under public-private partnership (PPP), with preliminary investment estimated at nearly VND155 trillion. Resolutions passed at the closing session of the council’s third meeting for the 2021-2026 term on June 19 included two flagship transport projects.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
CAN THO EYES TRANSFORMATION INTO A MODERN INTERNATIONAL LOGISTICS HUB
With its extensively expanded economic space, Can Tho now possesses a range of strategic advantages, including an extensive road transport network with both north-south and east-west expressways; an inland waterway transport system; an international airport; a network of ports along the Hau River; a large concentration of industrial parks and agricultural and seafood processing facilities; and connectivity to the Mekong development corridor.
Events Sponsors
