Number of firms resuming operations increases threefold in June
A total of 7,100 businesses resumed their operations in June, up 19.3% month-on-month, and a 3.2-fold increase compared to the same month last year, according to the General Statistics Office.
Hanoi (VNA) – A total of 7,100 businesses resumed their operations in June,up 19.3% month-on-month, and a 3.2-fold increase compared to the same monthlast year, according to the General Statistics Office.
In the month, there were 13,900 newly-establishedenterprises with a combined capital of 138.7 trillion VND (5.88 billion USD),up 14.9% and 33.7% m-o-m and 4.8% and 14.6% y-o-y, respectively.
During the first half of this year, nearly 37,700 enterprises resumed operations, down 7.4% y-o-y, raising the number of newly established and resumed enterprises in the period to 113,600, down 2.9% y-o-y.
Meanwhile, the number of new firms in the period dropped 0.5% year on year to 75,900, with a total registered capital of 707.5 trillion VND, down 19.8%.
If 958.7 trillion VND added to nearly 25,200 operatingenterprises was taken into account, the total amount of registered capital poured into the economy in the first six months exceeded 1.666 quadrillionVND, down 39% y-o-y.
According to a survey of business trends of processing andmanufacturing enterprises in the second quarter, 27.5% of them said their productionand business situation has improved from the first quarter; 36.7% say theirbusiness situation was stable and 35.8% difficult.
According to enterprises, the main factors affecting theproduction and business situation in the second quarter include low domesticmarket demand (55.5%), competitiveness of domestic goods (47.2%), lowinternational market demand (34%); financial difficulties (32.2%) and high loaninterest rates (31.6%)./.
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The fourth cut in a row of regulatory interest rates by the State Bank of Vietnam (SBV) has provided an opportunity for commercial banks to reduce interest rates, thus attracting borrowers.
Vietnam saw a record-high number of new business registrations, including those resuming operations, in June, according to the Department for Business Registration Management under the Ministry of Planning and Investment.
Dairy company Vinamilk, Bosch Vietnam – a supplier of technology and services and tech giant FPT are among winners of the 2023 Top 50 Corporate Sustainability Awards (CSA 2023).
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 (Photo: VNA) 
