The number of newly established firms reached an all-time high of around 15,000 in April, with total registered capital of 164.1 trillion VND (7.1 billion USD), according to the General Statistics Office (GSO).
Workers making furniture at a Woodland's factory. (Photo: baodautu.vn)
Hanoi (VNS/VNA) — The number of newlyestablished firms reached an all-time high of around 15,000 in April, withtotal registered capital o🔯f 164.1 trillion VND (7.1 billion USD), according to the General StatisticsOffice (GSO).
The number ofre-opened firms was 7,034, up 22.4 percent year-on-year. Meanwhile, 5,391 firmstemporarily ceased operation, 3,762 were in the dissolution process, and 1,227completed dissolution procedures. In total, the number offirms entering the market was double the number of those withdrawing from the marketin April. Vietnam saw 49,591 newly-formedfirms in the first four months of 2022, with total registered capital of 635.3trillion VND, around 12.3 percent higherthan the figure in the same period last year. The GSO underlinedthe proliferation of new businesses as a sign of economic recovery, indicatingthat supportive policies of the Government and National Assembly have been onthe right track and begun to take root. According to theEuropean Chamber of Commerce (EuroCham) report, the Business Climate Index inVietnam has reached its peak at 73 points since the fourth wave ofthe pandemic hit the country last April. The index is expected tosustain its upward trend next quarter with a more optimistic outlook from thebusiness sector, notably from tourism firms, which began to pick up after thereopening in March. The report, whichsurveyed over 1,000 firms, also found that two-thirds of firms are upbeat aboutthe growth prospect of the economy in Q2. "Over halfEuroCham's members have plans to take on more staff. Some hotels have theirrooms fully booked for the first time in the past three years. It's time torestore the economy to the pre-pandemic levels," said Alain Cany, chairmanof EuroCham in Vietnam. TheGSO's socio-economic report in March showed that 50 percent of Vietnamesefirms have a positive outlook for the economy in Q2, 32.3 percent a stableoutlook, and 17.7 percent a negative outlook./.
The southern metropolis Ho Chi Minh City needs to develop policy mechanisms and legal frameworks and improve its business climate, infrastructure and human resources to recover the economy, experts say.
About 29,300 businesses have been set up so far this year with a combined registered capital of 447.8 trillion VND (19.61 billion USD), data from the Ministry of Planning and Investment showed.
The domestic labour market is bouncing back, with 50 million people getting jobs in the first quarter of this year, according to the General Statistics Office (GSO).
European firms' confidence in Vietnam has reached the highest level since the fourth COVID-19 outbreak in April last year, according to EuroCham's latest Business Climate Index (BCI) report.
Unemployment in the first quarter of 2022 shrank by 130,000 to around 1.3 million from the previous quarter, reflecting a labour market post-pandemic recovery, according to the General Statistics Office (GSO).
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
Workers making furniture at a Woodland's factory. (Photo: baodautu.vn) 
