The number of businesses resuming operations in the first half of 2016 saw a record high in many years, as it jumped 75.2 percent from a year earlier to 14,902, said the General Statistics Office.
Hanoi (VNA)🍰 – The number of businesses resuming operations in the first half of 2016 saw a record high in many years, as it jumped 75.2 percent from a year earlier to 14,902, according to the General Statistics Office.
More than 54,500 companies were set up during the period with a combined registered capital of 427.8 trillion VND (19.2 billion USD), representing a year-on-year rise of 20 percent in the number of companies and 51.5 percent in capital.
Meanwhile, over 16,120 firms increased their capital by 774.7 trillion VND (34.7 billion USD, data shows.
Some officials of the Ministry of Planning and Investment (MoPI) said the surges in the business numbers and registered capital prove the effectiveness of the enterprise and investment laws and the Government’s measures, which have fostered the start-up spirit and businesses’ confidence.
However, 5,507 firms shut down during the six-month period through June, up 17 percent from a year before. About 5,130 of them had registered capital of less than 10 billion VND (448,500 USD) apiece, accounting for 93.1 percent of the total closures.
More than 31,100 enterprises suspended operations due to difficulties, rising by 15 percent against the same period last year, the General Statistics Office reported.
The MoPI is fine-tuning the draft law on support for small- and medium-sized enterprises, which is expected to create a legal framework for supporting these companies more strongly.
Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry, said the law will be a momentum for achieving the Government’s target of having at least 1 million businesses in Vietnam by 2020.-VNA
Significant increases in the number of new businesses and investments this year indicate improvements in confidence, driven by the Government’s efforts to improve the business climate.
The MoPI will continue to draft a law designed to overcome difficulties in conducting business in Vietnam, after a set of new laws and decrees just took effect on July 1.
A total of 918 new businesses have been set up in the southern province of Long An in the first six months of this year, with combined registered capital reaching 6.7 trillion VND (301.5 million USD).
Representatives from over 110 enterprises in central Binh Thuan province gathered together at a conference on July 12 to discuss how to improve the business climate and PCI in the locality.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
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The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Workers at a footwear factory (Photo: VNA)
