New firms’ registered capital up 34 percent in nine months
Close to 102,300 new enterprises were established in the first nine months of this year with a combined registered capital exceeding 1.29 quadrillion VND (55.47 billion USD), up 5.9 percent and 34 percent, respectively, from a year ago.
Hanoi (VNA) – Close to 102,300 new enterprises were established in thefirst nine months of this year with a combined registered capital exceeding 1.29 quadrillion VND(55.47 billion USD), up 5.9 percent and 34 percent, respectively, from a yearago.
The averageregistered capital per new firm hit a new record high, mounting to 12.6 billionVND (nearly 542,900 USD), according to the Ministry of Planning andInvestment’s Agency for Business Registration.
The new firmsregistered to employ around 929,800 workers, up 13.4 percent year-on-year.
Already-operationalfirms also registered to add about 1.73 quadrillion VND to their capital, bringtotal capital injected to the economy over the period to more than 3.02 quadrillion VND.
The agencysaid there were 27,600 businesses returning to operations, a year-on-yearincrease of 20.5 percent./.
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.
The southern industrial hub of Binh Duong has not only been among leading localities in foreign direct investment (FDI) attraction but also an attractive destination for domestic investors.
As many as 90,500 new businesses were established in the first eight months of the year, with a combined registered capital of 1.1 quadrillion VND (47.3 billion USD), a year-on-year increase of 3.5 percent in the number of enterprises and 31 percent in capital, according to the General Statistics Office (GSO).
The number of newly-established firms in the northern province of Vinh Phuc in the first nine months of this year is estimated at 835, an increase of 8 percent from the same period last year.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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.
Illustrative image (Source: VNA) 
