Enterprises resuming operations up 25% in nine months

Nearly 121,900 new enterprises were established with total registered capital of 1.158 quadrillion (46.7 billion USD) in the first nine months of this year, figures released by the General Statistics Office (GSO) showed.

The figures represent a year-on-year increase of 3.4% in the number of businesses and also a 3.4% rise in capital.

These new businesses registered a total number of 735,000 workers, a drop of 3.4% over the same period last year.

The average registered capital of a new enterprise in the January - September period reached 9.5 billion VND.

In the reviewed period, 2.31 quadrillion VND of added registered capital was poured into Vietnam’s economy, down 6.1% compared to the same period last year.

Over 61,100 enterprises resumed their operations in the first nine months, up 25% against the same period in 2023, bringing the total number of new businesses and those returning to operations to 183,000, a year-on-year increase of 9.7%.

However, the January-September period also witnessed 86,900 enterprises temporarily suspending operations, a year-on-year rise of 14.7%.

Meanwhile, nearly 61,500 enterprises ceased operations while waiting to complete dissolution procedures, up 33.4% year-on-year, and 15,400 businesses were dissolved, up 18.9% year-on-year.

In September alone, Vietnam had 11,200 newly established enterprises with registered capital of 92.8 trillion VND, down 16.3% in the number of businesses and 25.5% in registered capital month on month.

As Vietnamese enterprises in general and those engaged in import-export activities in particular are still facing many difficulties, the Ministry of Planning and Investment said that it will focus on effectively implementing policies to support businesses and people.

Activities to boost domestic consumption will be promoted along with the deployment of "Vietnamese people prioritise using Vietnamese goods" campaign as well as attracting domestic and international tourists.