Close to 54,000 enterprises have registered to begin operations in the first five months of 2019, up 3.2 percent on-year, also the highest number recorded in the period in the past five years.
Hanoi (VNA) – Close to 54,000enterprises have registered to begin operations in the first five months of2019, up 3.2 percent on-year, also the highest number recorded in the period inthe past five years.
According to the General Statistics Office,the new firms registered 669.7 trillion VND (28.5 billion USD) worth ofcapital, an annual increase of 29.6 percent. Newly registered capital and fundsadded to existing projects hit 1.7 quadrillion VND (73.1 billion USD).
Meanwhile, there were 19,600 firms resumingbusinesses, up 48.1 percent from the same period last year.
The number of temporarily closed companiesreached 19,100, while 19,300 others halted their operation.
Vietnam is forecast to grow by 6.8-6.9 percentin 2019 on the back of sound economic performance in 2018, according to theVietnam Macro-Economic Outlook 2019.
In 2018, the economy expanded by 7.08percent, one of the highest growth rates in the region and the world, supportedby 12.98 percent growth in the manufacturing and processing sector and a 3.76 percentexpansion in agriculture since 2012.-VNA
The number of newly-established businesses in the first quarter of this year reached 28,451 with the total registered capital of 375.5 trillion VND (16.14 billion USD), up 6.2 percent and 34.8 percent year-on-year, respectively.
As many as 43,305 new enterprises with total registered capital of 542.4 trillion VND (32.32 billion USD) were established in the first four months of 2019, up 4.9 percent in the number of firms and 31.7 percent in capital, according to the General Statistics Offices (GSO).
Whole sale, retail, and vehicle repair service saw the joining of 16,100 new businesses, the highest number in the first four months of this year, up 14 percent year on year and accounting for 37.2 percent of the newly-established firms of the country, according to the General Statistics Office (GSO).
It is critical to improve the resilience of the Vietnamese economy to withstand and recover from external shocks, experts told a conference in Hanoi on May 15.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
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.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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.
Illustrative photo (Source: VNA) 
