The number of new enterprises and those resuming their operation this month reaches 27,335, up 5.5% year-on-year. (Photo: VNA) According to the Business Registration ManagementAgency under the Ministry of Planning and Investment, 13,536 firms wereestablished in January, a rise of 24.8% from the same period last year, thehighest ever recorded for the first month of each year. They added 151.45 trillion VND (6.16billion USD) to the national economy, a year-on-year increase of 52.8%.
Notably, the recovery pace of the average registeredcapital has been maintained since November 2023 with 11.2 billion USD perenterprise, up 22.4% year-on-year, the agency said.
The strong recovery signs were seen in such field asreal estate, information and communications, processing and manufacturing, andagriculture-forestry-fishery.
Experts said the figures reflect businesses’increasing confidence in policies applied by the Government.
However, up to 43,925 firms suspended operation inJanuary, up 25.5%, the highest ever for the first month, raising the total numberof those withdrawing from the market this month to 53,888, up 22.8%.
Ha Manh Cuong, Director of Hamakyu Co.,Ltd., pointedto opportunities for businesses, including those generated by free tradeagreements like the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA).
He suggested ministries, agencies and localitiesfurther support the business community to optimise such deals, while seeding upthe signing of others that are under negotiations, in order to boost exports.
Vu Duc Giang, Chairman of the Vietnam Textile &Apparel Association, forecast that the domestic garment-textile sector willgrow 9.2% to hit 44 billion USD this year.
With advantages in population, the presence of manyworld leading groups like Samsung, LG, Foxconn, Panasonic, and Canon and comprehensivestrategic partnerships with the US, the Republic of Korea, and Japan that arestrong in semiconductors, Vietnam has favourable conditions to foster theindustry this year, experts said.
They suggested domestic firms pay more attention toraising their administration capacity and product quality, and revamp their productionand business models in anticipation of the wave of investments in high-tech. /.
However, up to 43,925 firms suspended operation inJanuary, up 25.5%, the highest ever for the first month, raising the total numberof those withdrawing from the market this month to 53,888, up 22.8%.
Ha Manh Cuong, Director of Hamakyu Co.,Ltd., pointedto opportunities for businesses, including those generated by free tradeagreements like the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA).
He suggested ministries, agencies and localitiesfurther support the business community to optimise such deals, while seeding upthe signing of others that are under negotiations, in order to boost exports.
Vu Duc Giang, Chairman of the Vietnam Textile &Apparel Association, forecast that the domestic garment-textile sector willgrow 9.2% to hit 44 billion USD this year.
With advantages in population, the presence of manyworld leading groups like Samsung, LG, Foxconn, Panasonic, and Canon and comprehensivestrategic partnerships with the US, the Republic of Korea, and Japan that arestrong in semiconductors, Vietnam has favourable conditions to foster theindustry this year, experts said.
They suggested domestic firms pay more attention toraising their administration capacity and product quality, and revamp their productionand business models in anticipation of the wave of investments in high-tech. /.
VNA
