Close to 22,800 enterprises returned to the market in January, surpassing the previous peak of about 19,100 businesses recorded in January 2022.

As many as 202,300 enterprises were established and resumed operations in Vietnam in the first 10 months of 2024, a year-on-year increase of 9.1%, according to the General Statistics Office (GSO).

Financial technology (fintech) companies could be a great source of capital for small and micro enterprises, but a complete legal framework is needed to sustainably develop the capital channel, experts said.

Over 42% of 30,587 enterprises in the processing-manufacturing sector that joined a recent quarterly survey by the General Statistics Office (GSO) expect their business performance in the fourth quarter of 2024 to be better than Q3.

Seventy years since the liberation day (October 10, 1954), the Party Committee and people of Hanoi have always tried their best to develop the capital to be worthy of the country’s political, cultural and economic center.

The two largest cities of Vietnam, Hanoi and Ho Chi Minh City, are developing plans to mobilise capital for constructing an extensive urban railway (metro) network by 2035.

The State Bank of Vietnam (SBV) on February 20 net injected more than 5 trillion VND (nearly 204 million USD) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.

Vietnam had attracted more than 2.36 billion USD in foreign direct investment (FDI) as of January 20, an increase of 40.2% over the same period in 2023, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Hanoi has been implementing measures to support enterprises to regain growth momentum in 2024, according to Acting Director of the city’s Department of Industry and Trade Tran Thi Phuong Lan.

A process has begun to allow the Vietnam Shipbuilding Industry Corporation (SBIC) to declare bankruptcy, according to Deputy Minister of Transport Nguyen Xuan Sang.

The Vietnam International Commercial Joint Stock Bank (VIB) has closed a medium-long-term syndicated loan worth 280 million USD.

About 26,500 new enterprises were established in Hanoi in the first 10 months of this year, with a total registered capital of 261 trillion VND (10.6 billion USD), representing a year on year increase of 6% in the number of enterprises but a decrease of 8% in registered capital.

Firms can borrow from the Small- and Medium-sized Enterprise (SME) Development Fund with a short-term interest rate of 1.2% per year and a long-term interest rate of 4.4% per year, effective from October 4, 2023, the Ministry of Planning and Investment announced.

69 years since its liberation (October 10, 1954) and after recording a raft of outstanding achievements, Hanoi has been praised as a “City for Peace” worthy of being the capital of a dynamic, innovative country.

Over the past 21 years, loan support from the Vietnam Bank for Social Policies (VBSP) has met the needs for capital of the poor and social policy beneficiaries across the country, contributing to the socio-economic development of localities.

As many as 116,300 enterprises registered for establishment, up 3.1% year on year, with combined registered capital of 1,086.8 trillion VND, down 14.6% year on year, in the first nine months of 2023, the General Statistics Office (GSO) reported on September 29.

As many banks have been stepping up bond redemption before maturity, experts warned that the activity can affect the banks’ ability to supply capital for the economy and boost credit growth in the remaining months of this year.

Indonesia and Japan have signed five memoranda of understanding (MoUs) and 24 letters of intent (LoIs) on the development of the new Indonesian capital (IKN) of Nusantara, the Nusantara Capital City Authority (OIKN) has informed.

Housing 149 out of Vietnam’s 712 sci-tech companies, Hanoi remains in need of breakthrough solutions so that the capital city can quickly raise the local quality and quantity of businesses to reflect its true potential.

According to the Vietnam Association of Realtors (VARS), the segment of social and affordable housing will grow because urban development is still attracting the attention of investors.