Nearly 99,000 businesses established in nine months
Nearly 99,000 new enterprises were established in the first nine months of this year, a year-on-year fall of 3.2 percent, according to the General Statistics Office (GSO).
Nearly 99,000 new enterprises were established in the first nine months of this year, a year-on-year fall of 3.2 percent. (Photo: VNA)
Hanoi (VNA) – Nearly 99,000 new enterprises were established inthe first nine months of this year, a year-on-year fall of 3.2 percent,according to the General Statistics Office (GSO).
The firms registered to invest a total capital of more than 1.4 quadrillion VND(60.56 billion USD), and hire 778,000 labourers, up 10.7 percent and down 16.3percent as compared to the same time last year.
The average registered capital of each new business was at 14.4 billion VND, ayear-on-year surge of 14.4 percent.
Meanwhile, 29,500 operating enterprises registered to increase capital by 2.1quadrillion in total for their business. As a result, the domestic economyreceived a total capital of more than 3.6 quadrillion VND from newlyestablished and existing businesses this year, expanding 19.2 percent year onyear.
In three quarters, 34,600 companies resumed operation, up 25.5 percent from thesame time in 2019.
Additionally, there were 38,600 businesses temporarilysuspending operations, a surge of 81.8 percent compared to the previous year;while about 27,600 enterprises were waiting for dissolution procedures andnearly 12,100 completed dissolution procedures, down 2.4 percent and up 0.1percent, respectively.
A survey on business trends of enterprises in the processing and manufacturingsector in the third quarter showed that 32.2 percent of businesses had betterbusiness performance than the previous quarter. About 32 percent of surveyedfirms had difficulties in production and business, and 36 percent had stableoperation.
Up to 45.6 percent of enterprises felt upbeat about their business in the quarter,19 percent forecast difficulties, and 35.4 percent believed they would have stablebusiness and operation./.
Vietnam’s beer market is forecast to see big opportunities this year, as the country has always been held great potential for domestic and foreign beer enterprises. Fierce competition is incoming, as more foreign brands are looking to tap the market.
Vietnam had more than 75,200 newly registered enterprises in the first seven months of this year, a 5.1 percent decrease compared to the same period last year.
Foreign investment in Ho Chi Minh City has totalled 2.37 billion USD this year, including new and additional capital and share purchases, down 32.9 percent year-on-year.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Nearly 99,000 new enterprises were established in the first nine months of this year, a year-on-year fall of 3.2 percent. (Photo: VNA) 
