Workers of the GOC Food Processing Export Company check products before packaging. (Source: VNA)
Hanoi (VNA) - More than 94,750 busin﷽esses were founded in 2015, representing a rise of nearly 30 percent compared to the previous year, statistics have revealed.
The Business Registration Management Agency under the Ministry of Planning and Investment said this made 2015 a record year in terms of the number of new firms. Driven by regulatory reforms with the Law on Enterprise taking effect since the beginning of July, it allowed time for registration of businesses to be cut to less than three days.
In December alone, more than 7,900 firms were established, rising by nearly 20 percent over the previous months.
Tran Thi Hong Minh, the Business Registration Management Agency's director, said that roughly 47,000 new businesses were founded from the date the new enterprise law come into effect to mid-December.
A majority of new firms were registered in commerce and production, the two major sectors of the economy.
Dang Huy Dong, deputy minister of planning and investment, was quoted by vtv.vn as saying that it was a good trend that the business community was significantly shifting its investments into important sectors such as education, healthcare, production and processing.
The ministry previously estimated that the total registered capital of new firms would reach 538.7 trillion VND (23.9 billion USD), creating 1.3 million jobs. In addition, existing businesses were registered to raise capitals by a total of 742.2 trillion VND (32.98 billion USD) during the year.
The rise in the number of new firms reflected improved business confidence. However, businesses continued to struggle with more than 71,000 of them being dissolved, forced into bankruptcy or temporarily halting operations in the first 11 months of 2015, the General Statistics Office revealed.
Cao Viet Sinh, member of the National Financial and Monetary Policy Advisory Council, said that it is important to improve the business climate and remove the stumbling blocks facing firms.
The report titled "Doing Business" from the World Bank published in October revealed that the ranking of Vietnam's business environment improved three places to 90 out of 189 countries, in which starting a business jumped six places from 125th to 119th.-VNA
In the first four months of the year, 28,235 new enterprises were recorded nationwide, likely generating jobs for 427,900 labourers, the General Statistics Office has said.
As many as 68,000 new enterprises were established in the first nine months of this year with a total capital of 420 trillion VND (18.06 billion USD), a year-on-year rise of 28.5 percent.
More than 86,800 new enterprises were registered in 11 months ending in November, a 28.1 percent year-on-year increase, according to the General Statistics Office of Vietnam.
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.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
Workers of the GOC Food Processing Export Company check products before packaging. (Source: VNA)
