Businesses continue to drive Vietnam's economic growth: census

The 2025 business landscape indicates that the enterprise sector continued to demonstrate resilience amid fluctuations in both domestic and international business environments.

A section of Bien Hoa 2 Industrial Park in Dong Nai province. (Photo: VNA)
A section of Bien Hoa 2 Industrial Park in Dong Nai province. (Photo: VNA)

Hanoi (VNA) – The 2026 economic census shows that Vietnam's economy has continued to expand, with the number of economic establishments increasing compared with the previous census.

The business sector has further consolidated its role as the main driver of growth, while the household business sector is undergoing restructuring with significant changes in operating models and employment.

The preliminary findings were unveiled at a conference reviewing the census held by the National Statistics Office (NSO) under the Ministry of Finance on July 13.

"This is the largest economic census ever conducted in Vietnam; it also expands the scope of data collection to cover many new categories of respondents, providing a more comprehensive picture of the country's socio-economic landscape," said NSO Director Nguyen Thi Huong.

According to the results, there were nearly 6.3 million active economic establishments engaged in production and business activities nationwide. These included nearly 876,200 enterprises and cooperatives, almost 5.3 million non-agricultural household production and business facilities, 52,200 religious establishments, nearly 8,000 cooperative groups, and 82,500 administrative agencies, public service units, associations, and non-governmental organisations.

The 2025 business landscape indicates that the enterprise sector continued to demonstrate resilience amid fluctuations in both domestic and international business environments. Growth in the enterprise number, employment, and capital reflects an ongoing expansion of production and business activities while also highlighting the effectiveness of policies aimed at improving the investment climate, supporting businesses, and developing the private sector.

As of December 31, 2025, information had been collected from 1,220,678 enterprises nationwide. Of these, 859,048 were actively operating and generating business results, representing an increase of 2.4% compared with 2024 and 25.5% compared with 2020.

The domestic non-state business sector continued to play the leading role, with 827,500 enterprises, up 2.1% year-on-year and 25.4% higher than in 2020. This reflects the resilience and adaptability of private businesses as well as the effectiveness of policies supporting enterprise development.

Notably, the foreign direct investment (FDI) sector recorded the strongest growth, with 29,800 enterprises, up 11.1% from 2024 and 33.9% from 2020. The figures reaffirm Vietnam's attractiveness as an investment destination amid the global restructuring of supply chains and sustained positive FDI flows, the NSO said.

Meanwhile, the number of state-owned enterprises reached 1,770, a slight increase of 0.3% from 2024 but a decline of 9.8% compared with 2020, in line with the ongoing policy of restructuring and improving the efficiency of the sector.

By industry, the services sector remained dominant with 612,500 enterprises, accounting for 71.3% of all businesses nationwide. The number rose 5.8% year-on-year and 31.3% compared with 2020.

The industry and construction sector had 240,600 enterprises, down 5.2% from 2024 but still 13.8% higher than in 2020, indicating that the sector has maintained a relatively large business base over the long term.

In agro-forestry-fisheries, there were 5,989 enterprises, up 0.7% from 2024 but down 7.2% compared with 2020.

NSO Deputy Director Nguyen Thanh Duong said the expansion of the enterprise sector has also led to continued growth in employment. By the end of 2025, businesses had employed nearly 17.6 million workers, an increase of 7.5% compared with 2024 and 19.7% compared with 2020.

The faster growth in employment than in the number of enterprises suggests that many businesses were expanding their operations and increasing their capacity to create jobs. The private and FDI sectors continued to be the two largest contributors to employment generation.

vnanet-labourers.jpg
A worker operates an automated steam pressing machine at Hung Ha Veston Garment Factory, part of Garment 10 Corporation, in Hung Ha commune, Hung Yen province. (Photo: VNA)

Alongside the enterprise sector, household production and business establishments remained an important component of the economy, with nearly 5.3 million units, up 1.1% from 2020. However, employment in this sector declined to nearly 8.6 million workers, down 1.1% from 2020. This marks the first time among economic censuses that employment in the household business sector has fallen.

According to the NSO, this trend shows the shift of labour towards enterprises and industries with higher productivity. It also underscores the need to modernise production models and improve productivity and competitiveness within the household business sector./.

VNA

See more

Representatives of relevant parties at the sponsorship signing ceremony on July 13, 2026 (Photo: Vietjet)

Vietjet, Vikki Digital Bank named official partners of ASEAN United FC events

As the Official Airline Partner of the ASEAN United FC events, Vietjet connects fans and destinations across Southeast Asia through the region's leading football competitions, kicking off with the ASEAN Hyundai Cup™ 2026, the jewel in the crown of ASEAN football and the region's biggest sporting event.

A truck carrying Vietnamese goods passes the Kim Thanh International Land Border Gate No. 2 in Lao Cai province. (Photo: VNA)

Lao Cai steps up anti-smuggling crackdown, handles more than 1,220 cases

Among the cases were 367 involving the illegal trade and transport of prohibited or smuggled goods, 692 related to commercial and tax fraud, and 162 concerning counterfeit products, imitation goods and intellectual property infringements. Criminal proceedings were launched in 231 cases, with 406 suspects facing criminal proceedings, while 957 cases were settled through administrative penalties.

A production line for electrical wires at Bandai Vietnam Co., Ltd., in Bo Trai Industrial Park in Hoa Binh ward of Phu Tho province. (Photo: VNA)

High-quality FDI expected to drive new growth model

The resolution calls for a shift in development mindset, positioning FDI as a key driver of growth model transformation, with a focus on quality, value addition and continuous improvement of intrinsic capacity and self-reliance of the economy. Many experts and businesses believe the policy provides a timely strategic boost, helping Vietnam to capitalise on the ongoing global supply chain realignment.

Workers produce sportswear at AMPFIELD (Vietnam) Co., Ltd. in the Tan Binh Industrial Park, Ho Chi Minh City. (Photo: VNA)

Ho Chi Minh City shifts focus to new-generation FDI

Ho Chi Minh City is currently home to 20,259 FDI projects with total registered capital of nearly 142 billion USD from 152 countries and territories. In the first half of 2026, the city attracted more than 6.8 billion USD, fulfilling 62% of its annual target.

A shopper at a supermarket in Hanoi. (Photo: VNA)

Supermarkets expand promotion of OCOP, Vietnamese products

The campaign is expected to stimulate domestic consumption, boost retail sales, support economic growth, promote Vietnamese brands and encourage consumers to prioritise locally made products while attracting international visitors via shopping events.