Hanoi (VNA) – As many as 20,500 new enterprises were established across the country in August with total registered capital of 326.1 trillion VND (12.3 billion USD), up 23.9% in number and nearly 2.8 times in capital compared with July, according to the National Statistics Office (NSO) under the Ministry of Finance.
The average registered capital of a new business reached 15.9 billion VND, more than 2.2 times higher than the previous month and up 71.2% year-on-year. Meanwhile, 12,400 enterprises resumed operations, down 15% month-on-month but up 46.4% from the same period in 2024.
In the January–August period, 128,200 new firms were registered with total capital of over 1.25 quadrillion VND, up 15.7% in number and 26.1% in capital year-on-year. Average registered capital per new firm stood at 9.8 billion VND, up 9% from a year earlier. Additional capital injected into the economy during the period reached nearly 4.14 quadrillion VND, a surge of 105.3% year-on-year.
By sector, wholesale and retail, and repair of automobiles and motorbikes led in the number of new businesses with 55,067, but also topped in the number of firms completing dissolution procedures with 6,628. The processing and manufacturing industry posted the highest growth in new firms, up 28.6% year-on-year, followed by power, water, and gas production and distribution (up 20.6%). The construction sector, however, saw a sharp decline of 11.3% in new registrations.
Accommodation and food services recorded the highest dissolution rate, up 46.1% year-on-year, while wholesale and retail, auto and motorbike repair reported the lowest, up 19.2%.
During the first eight months, 81,100 enterprises resumed operations, a year-on-year increase of 41.4%, bringing the total number of newly established and reactivated firms to 209,200, up 24.5%.
In August alone, 6,500 enterprises registered to temporarily suspend operations, down 11% from July but up 22.5% year-on-year. Another 6,900 firms halted operations pending dissolution procedures, up 56.8% from the previous month, while 3,800 completed dissolution procedures, nearly doubling both month-on-month and year-on-year.
Overall, in the first eight months, 95,000 businesses temporarily suspended operations, up 14.7% year-on-year; 47,800 suspended operations pending dissolution procedures, up 23.7%; and 18,100 completed dissolution procedures, up 31.5%. On average, 20,100 enterprises withdrew from the market each month.
To support business development, the Ministry of Finance has called for addressing institutional bottlenecks, improving access to land and resources, providing interest rate support, and enhancing workforce training.
It is also working on cutting administrative procedures, reducing compliance costs, and introducing tailored tax policies to support small- and medium-sized enterprises and household businesses, with the aim of promoting their transition into larger and more globally competitive firms, alongside infrastructure support in electricity, land rent, and fees./.
