Hanoi (VNA) – Up to 477,808 businesses had been operating nationwide throughout2016, a year-on-year rise of 8 percent.
Thefigures were released at a press conference jointly held in Hanoi on April 11bythe General Statistics Office (GSO), the Steering Committee for EnterpriseReform and Development and the Vietnam Chamber of Commerce and Industry (VCCI).
The southern largest economic hub of Ho Chi Minh City and the capital city ofHanoi were home to the largest numbers of enterprises, which respectively accountedfor 33.6 percent and 23.1 percent of the total figure.
The number of newly-established businesses in 2016 hit a record of more than110,000, surging 16.2 percent against the previous year’s figure.
Of those, 98,757 businesses began their operations, only 13.72 percent of whichoperate in the processing and manufacturing sectors and they made modestcontributions to the nation’s economy.
Statistics also showed that businesses contributed 746 trillion VND (almost32.9 billion USD) to the State budget in 2015.-VNA
As many as 10,954 enterprises were formed in April with total registered capital of 62.2 trillion VND (over 2.7 billion USD), according to the General Statistics Office (GSO).
Ho Chi Minh City hopes to incorporate 50,000 new companies this year (2017) so that there are 500,000 operational ones by 2020, Chairman of the city People’s Committee Nguyen Thanh Phong has said.
The Hanoi Stock Exchange welcomed the listing of three new companies on the official exchange and 38 new enterprises on the unlisted public company market (UPCoM) in January.
Ho Chi Minh City attracted 574.71 million USD in foreign direct investment (FDI) in the first quarter of 2017, a year-on-year increase of 56.7 percent, according to the municipal Department of Planning and Investment.
A Ho Chi Minh City leader has instructed all municipal departments and districts to map out specific plans and measures to encourage household businesses to transform into enterprises towards the goal of developing 500,000 enterprises by 2020.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA) 
