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

Phu Quoc pepper products, granted three stars under the OCOP programme in An Giang province, are displayed at an exhibition of outstanding OCOP products from the Mekong Delta. (Photo: VNA)

Phu Quoc leverages OCOP programme to take local specialities global

Better known as one of Vietnam’s premier island destinations, Phu Quoc is leveraging its “One Commune, One Product” (OCOP) programme to transform traditional specialities into internationally recognised products, integrating local agriculture, food processing and tourism to promote sustainable economic growth.

Production at an FDI enterprise in Tay Ninh province. (Photo: VNA)

FTA Index 2025 to be unveiled later this month

The index is designed to provide valuable information not only for State management agencies but also as an important reference for businesses, foreign investors, and industry associations in planning investment and business activities in Vietnam.

Air Premia, a carrier of the Republic of Korea, will resume flights between Incheon and Ho Chi Minh City from November 5. (Photo: The Courtesy of Air Premia)

Air Premia to resume Incheon–Ho Chi Minh City route from November

Flights will depart Incheon International Airport at 6:40 pm (RoK time) and arrive at Tan Son Nhat International Airport in Ho Chi Minh City at 11 pm (Vietnam time). Return flights will leave Ho Chi Minh City at 12:30 am on Mondays, Tuesdays, Thursdays, Fridays and Sundays, landing in Incheon at 7:40 am.

Production at Viet Hai High-Tech Structure Production Company Limited in Vung Ang Economic Zone. Ha Tinh province aims to develop Vung Ang Economic Zone into a regional centre for industry, energy, seaports and logistics (Photo: VNA)

Revised master plan of Vung Ang EZ approved

The adjustment aims to create a more rational development framework to maximise the zone’s potential and advantages while providing a legal foundation for construction management and ensuring sustainable development.

Illustrative image (Photo: VNA)

Vietnam looks to domestic market to sustain wood industry growth

Vietnam’s wood sector has long been a top foreign-currency earner. Exports of wood and wooden products neared 17.3 billion USD in 2025, reaching more than 160 countries and territories and clearing the high bars set by the US, the European Union and Japan.

Delegates at the event (Photo: VNA)

Vietnam remains key market for Polish food producers

The campaign promotes selected European Union agricultural and food products, including fresh, chilled and frozen beef and pork, fresh apples, apple juice and dried apples, targeting consumers, importers, distributors, retailers and the hospitality sector.

Wei Xiaoli, a representative of Shandong Jindafeng Machinery Co., Ltd., in an interview granted to the Vietnam News Agency. (Photo: VNA)

Chinese firms see strong potential for agricultural mechanisation cooperation with Vietnam

Business representatives said mechanisation not only helps reduce reliance on manual labour but also improves production efficiency, shortens planting and harvesting times, reduces post-harvest losses and enhances the quality of agricultural products. For rice-producing countries like Vietnam, they noted, accelerating mechanisation is an inevitable trend to strengthen the competitiveness of the agricultural sector.

Community-led fisheries groups have become frontline defenders of coastal fisheries. (Photo: VNA)

Community-led fisheries groups strengthen IUU fight in Ha Tinh

With a long coastline and abundant inshore fishing grounds, Ha Tinh has long identified the marine economy as a key growth driver. However, growing fishing pressure and destructive practices have posed major management challenges. Community-led self-management initiatives are now providing an effective solution.

At the VIFC-HCMC (Photo: VNA)

700 bln USD for net zero: Vietnam bets on VIFC

Assoc. Prof. Dr. Nguyen Huu Huan, Vice Chairman of the Executive Board of VIFC-HCMC, said the VIFC will focus on building market infrastructure needed to bridge the gap between big investment pledges and bankable projects.

A view of the launch ceremony for the expanded Vietnam–China cross-border QR payment service. (Photo: NAPAS)

Over 1 billion Weixin Pay users can make QR code payments in Vietnam

NAPAS, Weixin Pay, and BIDV will study the rollout of the reverse payment service, enabling users of Vietnamese banking applications and e-wallets to make QR code payments in China, with the aim of completing a comprehensive cross-border payment ecosystem between the two countries.

Vietnam cuts retail fuel prices on August 6. (Photo: VNA)

Vietnam cuts retail fuel prices on August 6

The maximum retail price of E5RON92 biofuel was reduced by 1,160 VND to 21,728 VND (0.83 USD) per litre, while that of E10RON95-III fell by 1,035 VND to 22,324 VND per litre.