Some 85,500 firms left the market in the first eight months of this year, while more than 81,000 enterprises registered for establishment with total registered capital of 1.13 quadrillion VND, according to the General Statistics Office (GSO).
Hanoi (VNA) - Some 85,500 firms left the market in the first eight months of this year, while more than 81,000 enterprises registered for establishment with total registered capital of 1.13 quadrillion VND, according to the General Statistics Office (GSO).
Among those leaving the market, 43,200 firms temporarily suspended operations for a definite period, a year-on-year increase of 29.5 percent, while 30,100 enterprises stopped operation pending dissolution procedures, up 24.5 percent, and 12,200 completed dissolution procedures, up 17.8 percent.
Ho Chi Minh City, the largest hotspot of COVID-19 at present, saw 24,000 enterprises leave the market in the period, accounting for 28.1 percent of the country's total.
The GSO said the strong resurgence of COVID-19 in southern localities along with successive periods of social distancing has seriously affected the operation of enterprises.
The number of newly-established enterprises in the eight-month period dropped 8 percent and their total registered capital decreased by 7.5 percent.
The average registered capital of a newly-established enterprise was estimated at 13.9 billion VND, up 0.5 percent compared to the same period last year.
In August alone, the number of newly-established enterprises was 5,761 with registered capital totalling 68 trillion VND (2.9 billion USD), down 34.1 percent in the number of businesses and 44.6 percent of capital over July. Meanwhile, 3,865 firms resumed operation, down 21.9 percent from July and 6,441 left the market, down34.9 percent month on month./.
Hundreds of online trade promotion events have been organised effectively, helping settle stagnant situation in the field and overcome difficulties brought about by the COVID-19, which has broke out in the global scale, disrupting supply chains and affecting export activities.
The Ministry of Planning and Investment has said that it is coordinating with relevant ministries, agencies and localities to build a national economic restructuring plan for the 2021-2025 period, with an aim to creating a breakthrough change in the growth model towards higher productivity, quality and competitiveness.
Prime Minister Pham Minh Chinh has assigned the Minister of Health to announce the encouragement of localities and organisations to procure vaccines against COVID-19.
Online trade promotion is currently considered as an effective solution for businesses to maintain contacts with their export markets and also a tool to learn about market trends, developments and demand.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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.
Localities quickly deploy COVID-19 vaccination campaigns (Photo: VietnamPlus) 
