Newly registered businesses peak in April

May 2nd at 21:27
02-05-2023 21:27:26+07:00

Newly registered businesses peak in April

The number of new businesses set a record high in April at 15,967, according to the General Statistics Office of Vietnam.

People register to establish businesses at an office of the Hanoi Authority for Planning & Investment. — VNA/VNS Photo

The figure increased by 6.4 per cent over the same period in 2022. However, the registered capital decreased by 5.7 per cent to more than VND154.6 trillion (US$6.6 billion).

Four to six economic regions across the country, which are the Southeast, Central Highlands, Red River Delta, and Northern Midlands and Mountains, saw gains in newly registered businesses in April.

119,089 employees were registered at newly established firms, a 13.7 per cent increase over the same period in 2022.

Statistics show that the number of businesses entering and rejoining the market in April rose 36.6 per cent to 9,610 firms. In the first quarter, 56,946 firms restarted operations, down 5.4 per cent on-year.

Therefore, in the first four months of this year, 78,871 companies entered and re-entered the market nationally, including 49,872 new ones, up 0.6 per cent over the same period last year.

However, global inflation and unstable situations cause potential threats to the Vietnamese economy's growth, particularly business operations.

As a result, 14,509 businesses nationwide withdrew from the market in April 2023. Since the beginning of the year, 77,001 firms left the market, up 25.1 per cent over last year, of which a large part temporarily ceased operations. 

Bizhub





NEWS SAME CATEGORY

Foreign OTAs dominate Viet Nam's lucrative online travel market

Foreign businesses dominated the online travel agency channel in Viet Nam, according to The Outbox Company's Most Loved Ranking, which surveyed Vietnamese...

Economic growth to rebound in H2, now ideal time to selectively buy stocks: VinaCapital

With the Government’s initiatives to address disappointing GDP growth in the first quarter and the fact that foreign companies’ orders are likely to increase in the...

VN, Cambodia have fastest port turnaround times in ASEAN: WB

Container shipping in Viet Nam and Cambodia had the fastest port turnaround times in ASEAN in June 2022 with both countries scoring an average of 0.9 days...

Hau Giang to become an industrial centre

In the provincial planning 2021-2030, Hau Giang aims to be an industrial production and logistics centre.

Buon Me Thuot to become economic hub

The provincial planning appraisal council conducted a review of the Dak Lak Provincial Plan towards 2030 on April 25, with Buon Ma Thuot City set to become the...

OECD forecasts Vietnam’s GDP growth at 6.5% in 2023

Structural reforms would be key for Vietnam to mitigate the impact of geopolitical uncertainties and supply chain disruptions.

HCM City leaders meet with local US firms, promise all support

The HCM City Investment and Trade Promotion Centre and the American Chamber of Commerce in Viet Nam held a workshop on Tuesday to solicit US businesses’ feedback on...

Inflation, recovery and digitalisation key areas of focus: OECD

Viet Nam's top priorities in the coming years include keeping inflation in check, boosting economic recovery, enhancing social protection, improving the business...

US enterprises remain confident in Vietnam’s long-term economic growth

The United States’ firms doing business in Vietnam have affirmed that they are willing to accompany Ho Chi Minh City and the Southeast Asian country as a whole to...

Fresh foreign investment in Viet Nam up 11.1% in 4 months

Viet Nam attracted 750 new foreign-invested projects, worth over US$4.1 billion in the first four months of this year, up 65.2 per cent in the number of projects...


MOST READ


Back To Top