As many as 14,267 new businesses with a total registered capital of almost 153.6 trillion VND (6.3 billion USD) were established in November, respectively rising 19.5% and 47% year on year, said the Business Registration Management Agency under the Ministry of Planning and Investment.
A plan of the Long Son petrochemical complex project in Long Son commune of Vung Tau city, Ba Ria - Vung Tau province (Photo: VNA)
Hanoi (VNA) – As many as14,267 new businesses with a total registered capital of almost 153.6 trillion VND (6.3 billion USD) wereestablished in November, respectively rising 19.5% and 47% year on year, saidthe Business Registration Management Agency under the Ministry of Planning andInvestment.
The number of companies resumingoperation this month has also increased 4.7% year on year to 6,562.
These figures indicate thatbusinesses have shown positive response to the economy’s recovery during theyear-end months and next year, the agency said.
However, as numerous difficultiesremain in the economy, 12,551 companies have withdrawn from the market inNovember, up 19.3%.
Sharing the November upward trend,the numbers of new companies, the ones resuming operations, and thosewithdrawing from the market have also went up during the first 11 months of2023.
During the period, newly established businessesnumber 146,044, rising 6% from a year earlier and 1.2-fold from the average ofthe 2018 - 2022 period (123,121). The majority of them (109,688, up 7.5%) workin the service sector while 34,735 companies (up 2.6%) in the industry -construction sector, and 1,621 others (down 11.5%) in agriculture, forestry andfisheries sectors
Besides,55,485 businesses have resumed operation during the 11 months, falling 2.5%from the same period last year but still rising 1.3-fold from the 2018 - 2022 average(41,404).
Meanwhile,158,763 firms have withdrawn from the market, climbing 20%. Most of them,53.8%, opted to suspend operation for a short term, statistics show.
Theagency perceived that the growth in the number of new businesses in the industrialsector has once again illustrated the continued rebound in industrial productionafter months of contraction, as well as positive effects of support measurestaken by the Government, the Ministry of Industry and Trade, and other ministriesand sectors./.
Although most businesses believe that the food and beverage industry market will improve in the remaining months of this year, 15.4% of respondents in a recent survey of Vietnam Report think that the industry will face more difficulties.
The Hai Phong Economic Zone Authority (HEZA) has taken various solutions to improve the quality of human resources for businesses at industrial and economic parks in the northern port city.
Implementing green growth and sustainable development goals is a challenge but also an opportunity for the business community and investors in Vietnam, participants heard at a conference on November 16.
Prime Minister Pham Minh Chinh pledged the Government’s continued support for young entrepreneurs while addressing a ceremony marking 30 years of the young Vietnamese entrepreneurs’ movement in Hanoi on November 27.
An online seminar on strengthening trade relations through international trade fairs, held by the Vietnam Trade Office in India on June 25, saw the participation of nearly 50 Vietnamese seafood companies and 50 Indian enterprises in sectors of processed food, agricultural products, fruits, and spices.
The vehicles will be deployed for mail and parcel delivery by Hanoi Post, marking another step in the strategic partnership between the two firms since 2021. With this batch, the total number of electric motorbikes Honda has supplied to Vietnam Post has reached 405, operating primarily in key cities such as Hanoi and Ho Chi Minh City.
With participation from major players representing countries such as Russia, China, Japan, India, Thailand, and Indonesia, Vietbuild 2025 is expected to present a wide range of environmentally friendly and innovative products and services, especially building materials, machinery, and interior and exterior decoration.
Bulgaria holds strengths in sectors that align well with Vietnam’s development focus, including information technology, software, electronics, energy and the environment, startups and innovation, agriculture and food processing, logistics, and freight services.
Vietnam Airlines is pursuing an Environmental, Social, and Governance (ESG) roadmap to reduce emissions, improve fuel efficiency, and adopt sustainable aviation fuels. It is also investing in workforce development, corporate culture, and international management practices.
Thailand's largest retailer, Central Retail Corporation (CRC), will invest over 45 billion THB (1.38 billion USD) through 2027 to expand mainstream markets and accelerate growth across Southeast Asia, including Thailand and Vietnam.
Vietnam ranks among Asia’s top producers and exporters of denim, with hundreds of factories producing denim fabric and garments. Vietnamese denim products are now exported to over 70 countries.
In 2024, durian was a leading export among Vietnam’s fruits and vegetables, earning a record of 3.3 billion USD and accounting for 46% of the sector’s total export value. China was the largest market, importing 3.2 billion USD worth of durians, or 97% of the total.
The arrival of this first wind power equipment shipment signalled the Trung Nam Ca Na seaport’s infrastructure readiness and its entry into a new phase of development, aligned with Vietnam’s adjusted National Power Development Plan VIII.
PM Pham Minh Chinh has called on global tech giants to bolster cooperation with Vietnam to assist with the country's efforts to drive a startup and innovation ecosystem.
Prime Minister Pham Minh Chinh had meetings with leaders from multinational corporations on June 25, advancing Vietnam’s infrastructure development as well as food processing sector, on the sideslines of the 16th Annual Meeting of the New Champions of the World Economic Forum (WEF) in Tianjin city.
According to UOB, following the US’s announcement of reciprocal tariffs of 46% on Vietnamese goods on April 2, around 80% of Vietnamese businesses have proactively taken measures to respond to potential impacts.
As one of the most prestigious annual international events in the industry, the expo serves as a prime platform for enterprises to connect, exchange valuable experience, and explore reliable collaboration opportunities with both domestic and international companies.
Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
A plan of the Long Son petrochemical complex project in Long Son commune of Vung Tau city, Ba Ria - Vung Tau province (Photo: VNA) 
