As many as 12,182 businesses were established in October, up 3 percent from the previous month, statistics show (Photo: VNA)
Hanoi (VNA) - Vietnam saw 12,182businesses established in October, up 3 percent from the previous month, accordingto the General Statistics Office (GSO).
The office said the new enterprises had total registered capital of 143.6trillion VND (6.19 billion USD), an increase of 2.5 percent over September. Theyemployed 94,700 workers.
The average registered capital of a new enterprise in the month reached 11.8billion VND (509,188 USD), rising 0.5 percent over the same period last year.
There were 7,247 enterprises resuming operation, three times higher than thefigure of the previous month and up 109.9 percent year-on-year.
At the same time, 2,086 enterprises suspended their business, up 37 percentfrom September and 9 percent from a year earlier.
GSO data also revealed that the number of enterprises that stopped operatingand were awaiting dissolution procedures also increased sharply in October,totalling 5,012, up 84.5 percent from September and 98 percent from the samemonth last year.
In the first 10 months of 2019, the country saw 114,400 newly registeredenterprises with total registered capital of more than 1.4 quadrillion VND (61.8billion USD), employing more than 1 million workers, a year-on-year increase of4.4 percent in the number of enterprises, 28.5 percent in registered capital and11 percent in the number of employees, respectively.
The average registered capital of a newly established enterprise in the 10months reached 12.5 billion VND (539,283 USD), up 23.1 percent over the sameperiod last year. Calculating the additional 1.9 quadrillion VND (81.6billion USD) registered capital of 33,000 existing enterprises, totalregistered capital added to the economy in the first 10 months of 2019 was 3.3quadrillion VND (143.5 billion USD).
In the first 10 months, there were about 35,000 enterprises resumingoperations, a 25 percent rise over the same period in 2018./.
The 2019 enterprise survey will focus on collecting information to access the status of support industries in manufacturing and processing and logistics, according to the General Statistics Office (GSO).
Enterprise development and the digital economy need to be prioritised in policies, said Deputy Chairman of the Committee for Management of State Capital at Enterprises (CMSC) Ho Sy Hung.
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).
Close to 200 businesses representing over 270,000 enterprises in Hanoi were honoured at a programme held at the Opera House on October 11 night for their outstanding performance as well as their important contributions to the development of the capital city and the nation.
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.
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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.
As many as 12,182 businesses were established in October, up 3 percent from the previous month, statistics show (Photo: VNA) 
