Business

More than 6,800 enterprises resume operations in July

More than 6,800 enterprises resumed operations in July, up 26.2% over the previous month but down 0.7% from the same period last year, according to the Agency for Business Registration (ABR) under the Ministry of Planning and Investment.

Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)

Hanoi (VNA) – More than 6,800 enterprises resumed operations in July, up 26.2% over the previous month but down 0.7% from the same period last year, according to the Agency for Business Registration (ABR) under the Ministry of Planning and Investment.

Also in July, 14,700 enterprises were established in July with a total registered capital of 110 trillion VND (4.36 billion USD), a drop of 6.3% in the number of enterprises and a decline of 22.8% in registered capital against the previous month.

In the first seven months of this year, nearly 44,300 enterprises re-enter the market, up 4.7% over the same period last year.

More than 95,200 enterprises were established in the January-July period with a total registered capital of 854.6 trillion VND, up 6.3% and 2.4% in the number of enterprises and registered capital, respectively.

According to the ABR, nine out of 17 industries saw increases in the numbers of newly established enterprises compared to the same period in 2023.

Specifically, the number of newly-established enterprises in transport and warehousing ranked first with a rise of 20.8%, followed by wholesale, retail, car and motorbike repair with 14%, and electricity, water, gas production and distribution industries with 12%.

Meanwhile in July, 6,837 enterprises temporarily suspended operation, up 26.2% over the same period last year but down 0.7% from the same period last year. A total of 7,035 enterprises stopped operating to wait for dissolution procedures, up 30.2% from the previous month and up 33.8% over the same period last year; and 1,730 businesses completed dissolution procedures, down 22.4% from June but up 9.4% from the same period last year.

In the January-July period, the number of enterprises temporarily suspending business was more than 78,000, up 16.7% compared to the same period last year.

More than 35,500 enterprises stopped operating to wait for dissolution procedures, down 1.5% over the same period last year; and 11,900 enterprises completed dissolution procedures, an increase of 14.5% over the same period last year./.

VNA
#ABR #enterprises #newly-established enterprises #transport #warehousing
Follow VietnamPlus

Related News

Business recovery remains humble that reflected challenges in business climate. (Photo: VNA)

Number of newly-established firms in five months highest on record

As many as 64,758 enterprises entered the market in the first five months of this year, marking the highest number ever recorded, and a 4.5% increase from the same time last year, according to the Ministry of Planning and Investment (MPI)’s Business Registration Management Agency. ​

Newly-established enterprises at record high in 2023

Newly-established enterprises at record high in 2023

Business registrations continued to be a bright spot within the overall landscape of Vietnam’s economy in 2023, with nearly 160,000 new enterprises being established, an increase of 7.2% compared to 2022.
Number of newly-established firms up 21.7% in October

Number of newly-established firms up 21.7% in October

Vietnam saw over 15,400 newly-established enterprises with total registered capital of 125.8 trillion VND (5.1 billion USD) and a registered workforce of 131,600 in October, up 21.7% in the number of firms, 7.4% in capital and 64.3% in the number of labourers over the previous month, according to the General Statistics Office (GSO).

See more

Officials of the Vietnamese Ministry of Finance and the Japan International Cooperation Agency (JICA) at the meeting in Hanoi (Photo: Ministry of Finance)

Finance Ministry, JICA to hasten major joint projects

JICA President Tanaka Akihiko said he is pleased to return to Vietnam and see landmark projects of bilateral ties now operational and delivering clear benefits to the public, including Nhat Tan Bridge and Ho Chi Minh City’s metro line No. 1.

Customers conduct transactions at an Agribank office in Hung Yen province. (Photo: VNA)

Outstanding green credit reaches 828 trillion VND

To date, loans subject to environmental and social risk assessments have exceeded 5.1 quadrillion VND (some 193.6 billion USD), representing an almost 25-fold increase compared with the end of 2017 and accounting for 27.7% of total outstanding credit in the economy.

Metfone Express's fleet at the launch ceremony. (Photo: VNA)

Vietnamese firm expands into logistics sector in Cambodia

Cambodian Minister of Post and Telecommunications Chea Vandeth praised Metfone’s contributions to socio-economic development, job creation, technology transfer and bilateral connectivity. He described the launch of Metfone Express as evidence of the long-term commitment and innovative spirit of Viettel.

Vietnamese products at the fair (Photo: VNA)

Vietnamese food products gain prominence at RoK's leading food fair

Vietnamese exhibitors are showcasing a wide range of products, including processed foods, tropical fruit products, functional foods, spices and beverages. Major exporters such as Vinamilk, WestFood, TSFood, Nafoods Group, Bich Chi Food and DH Foods are among the participants.

At the Vietnam–Canada Business Forum 2026 (Photo: VNA)

Green transition creates fresh opportunities for Vietnam–Canada partnership

Rahul Malhotra, owner of RM Venturex, said the forum provided businesses with valuable insights into opportunities for deeper Vietnam–Canada cooperation. He noted that support from diplomatic channels and the engagement of both public and private sectors are helping create favourable conditions for stronger economic ties among Canada, Vietnam and ASEAN.

At the working session between Can Tho leaders and representatives of Singaporean businesses. (Photo: VNA)

Can Tho invites Singaporean firms to invest in industry, energy, logistics

Singapore is currently the Mekong Delta city’s largest source of foreign direct investment (FDI), with 12 active projects totalling nearly 320 million USD in registered capital. A flagship project is the Vietnam-Singapore Industrial Park (VSIP) Can Tho, launched in 2022 with an investment of over 3.7 trillion VND (140 million USD) and covering nearly 294 hectares.

Workers process tra fish for exports. (Photo: VNA)

Sustainable transformation needed for Vietnam’s strategic pangasius sector

With continued policy support, technological innovation and close coordination among authorities, businesses and farmers, Vietnam’s pangasius industry is expected to make a strong and sustainable breakthrough during the 2026–2030 period, reinforcing its position as the world’s leading exporter of the fish.

Deputy Prime Minister Nguyen Van Thang speaks at the event. (Photo: baochinhphu.vn)

Deputy PM calls for integrated ASEAN fintech ecosystem

Deputy PM Nguyen Van Thang proposed a shared vision for an ASEAN fintech ecosystem that is open, secure, transparent, inclusive, and sustainable: “Open” to foster connectivity, “Secure” to enable growth, “Transparent” to build trust, “Inclusive” to ensure that no one is left behind, and “Sustainable” to strengthen resilience and support long-term progress.

Vice Chairperson of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Xian Hui (left) meets with Secretary of Phu Tho provincial Party Commitee Pham Dai Duong on comprehensive cooperation (Photo: VNA)

Phu Tho expands cooperation with Chinese localities

A high-level delegation of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), led by its Vice Chairperson Xian Hui, visited the production facility of BYD Vietnam Co., Ltd. at Phu Ha Industrial Park and held a working session with leaders of Phu Tho province on June 9.

Financial buildings in downtown Ho Chi Minh City along the Saigon River. (Photo: VNA)

Robust dispute resolution framework key to Vietnam’s IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.

A step in the semiconductor chip manufacturing process. (Photo: VNA)

LG to build first semiconductor substrate plant in Vietnam

LG Innotek, an affiliate of the Republic of Korea's LG Group, has announced a plan to build its first semiconductor substrate plant in Vietnam, marking a significant step in expanding its production capacity and strengthening its semiconductor packaging solutions business.