Newly-established enterprise capital up 46 percent in Oct
Vietnam has approximately 9,200 newly-established businesses with 65.2 trillion VND (2.92 billion USD) in total registered capital in October, a rise of 30.6 percent in number and 46.4 percent in capi
Newly-established enterprise capital up 46 percent in October. (Photo: VNA)
Vietnam has approximately 9,200 newly-established businesses with 65.2 trillion VND (2.92 billion USD) in total registered capital in October, a rise of 30.6 percent in number and 46.4 percent in capital from last month.
According to the General Statistics Office, the average registered capital per business is 7.1 billion VND (318,000 USD), up 12.1 percent against the previous month.
In the first 10 months of this year, more than 77,540 enterprises were newly established, registering a combined capital of 486.1 trillion VND (21.78 billion USD), a 29.2 percent increase in number and 37.9 percent in capital compared to the same period last year.
Operational firms were also reported to have added 737.8 trillion VND (over 33 billion USD) during the period, bringing the capital pumped into the economy up to nearly 1.22 quadrillion VND (over 54.8 billion USD).
The country saw about 60,164 enterprises temporarily suspend operations in the last ten months, up 29.1 percent, while another 7,641 permanently stopped operating, down 1.2 percent, most of whom registered capital below 10 billion VND (448,000 USD).
In addition, approximately 16,200 businesses nationwide resumed operations, a year-on-year increase of 24.6 percent.-VNA
Vietnamese business community is placing new expectations in 2015 amidst the deeper economic integration into the world and tougher competitiveness, the Nhan Dan (People) online newspaper reported.
The Vietnam Chamber of Commerce and Industry (VCCI) will survey the performance of the business community in the country until April 20, the chamber announced on its website.
Vietnam’s macro-economy has remained stable so far this year with September’s average consumer price index (CPI) up 0.74 percent year-on-year and no signs of inflation.
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.
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&.
Newly-established enterprise capital up 46 percent in October. (Photo: VNA)
