About 29,300 new firms established in Q1

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.

Thursday, March 31, 2022 10:35

About 29,300 new firms established in Q1 ảnh 1

A garment-textile firm in Vietnam (Illustrative photo: VNA)

Hanoi (VNA) – About 29,300 businesses have been set up so far this year with a combined registered capital of 447.8 trillion VND (19.61billion USD), data from the Ministry of Planning and Investment showed.

The number of the new firms saw a year-on-year decline of 1.4 percent but registered capitalsurged 27.5 percent.

Employeenumber registered by the newly-established enterprises inched up 0.8 percent to245,600.

Some 9,600businesses poured additional 525.3 trillion VND in capital, bringing the total figureto 973.1 trillion VND in the reviewed period.

Meanwhile,14,700 firms resumed operations, down 0.5 percent against the same period lastyear./.

VNA

#new businesses #registered capital #Q1 2022 #Ministry of Planning and Investment #newly-established enterprises #Vietnamplus #vietnam news agency

See more

Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

17/03/2025 13:15

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

17/03/2025 12:15

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.

Construction site of Terminal 3 (Photo: VNA)

Vietnam Airlines, Vietjet Air flights to operate from Tan Son Nhat’s new terminal in May

17/03/2025 11:12

Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022

At Tan Vu port, the northern port city of Hai Phong (Photo: VNA)

Vietnam aims for 454 billion USD export revenue amidst global headwinds

17/03/2025 10:11

Vietnam exported 65.2 billion USD worth of products in January-February, a 9.9% increase compared to the same period last year. Meanwhile, imports totaled 62.9 billion USD, rising 16%, resulting in a trade surplus of 235 million USD.

Reference exchange rate up 15 VND at week’s beginning

17/03/2025 09:05

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,794 VND/USD on March 17, up 15 VND from the previous day.

Vietnam Airlines to resume Hanoi-Moscow direct flights from May 8

16/03/2025 22:06

As part of its expansion strategy, Vietnam Airlines plans to launch and restore 15 international routes in 2025, connecting Vietnam to key destinations such as Italy, Russia, Denmark, China, India, Japan, the Republic of Korea, and the UAE.

Associate Professor Nguyen Dang Bang at the University of Cambridge’s Judge Business School (Photo: VNA)

Vietnam well-positioned to develop international financial centre: Scholar

16/03/2025 17:46

Vietnam has the foundation and potential to successfully build an international financial center, according to Associate Professor Nguyen Dang Bang, a finance expert at the University of Cambridge’s Judge Business School.

Forum promotes Japan-Vietnam-Thailand trade and tourism connectivity

16/03/2025 16:46

Fukuoka, northeastern Thailand, and central Vietnam could form an important economic triangle, bringing practical benefits to regional economic development.

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

16/03/2025 05:06

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Steel products of Hoa Phat Group will not be subject to the European Union (EU)’s provisional anti-dumping duties on certain hot rolled coil (HRC) steel products imported from Egypt, India, Japan, and Vietnam. (Photo: hoaphat.com.vn)

Hoa Phat’s hot rolled coil products not subject to EU's anti-dumping duties

16/03/2025 01:09

The exemption from anti-dumping duties reflected the firm’s legal expertise in handling international trade regulations. Furthermore, downstream businesses using Hoa Phat’s HRC will have greater opportunities to export to the EU without concerns over origin or raw material pricing issues.

Rice exports set for rebound amid strong demand

16/03/2025 00:25

Customer demand remains high, with Vietnam exporting over one million tonnes of rice in the first two months of the year.

Vietnamese Ambassador to Italy Duong Hai Hung speaks at the event. (Photo: VNA)

Vietnam - bright spot in Italy's Asia strategy

15/03/2025 17:47

Vietnam is currently Italy's largest trading partner in ASEAN, with bilateral trade turnover reaching 6.9 billion USD in 2024, an increase of 13.1% year-on-year.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

15/03/2025 17:18

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

15/03/2025 16:30

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.