JAN-OCT SEES NEARLY 163,000 NEW BUSINESSES SET UP

Employees work at a textile company - PHOTO: ARCHIVES

HCMC – Vietnam recorded 162,900 new businesses established in the first ten months of the year with total registered capital of nearly VND1.6 quadrillion and 967,600 employees, showed data from the National Statistics Office (NSO).

Average capital per new company was VND9.8 billion. Total additional capital injected into the economy during the period reached VND5.2 quadrillion, surging 98.2% from the same period last year.

Nearly 18,000 new businesses were registered in October alone, with total capital of VND172.5 trillion and more than 93,600 employees. Compared with September, new businesses rose 6.8%, registered capital increased 4.1%, and employment fell 3.5%.

Year-on-year, all three indicators increased.

Meanwhile, the first 10 months of 2025 saw 105,400 businesses temporarily suspended, up 14.4% from the same period last year. Some 58,400 companies paused operations pending dissolution, down 8.3%, while 26,800 businesses completed dissolution procedures, up 54.5%. On average, about 19,100 businesses exited the market each month.

In October alone, more than 6,000 businesses in Vietnam temporarily suspended operations, a 32.9% increase from September and an 11.2% rise compared with the same month in 2024.

In the same month, 6,771 companies halted operations pending dissolution, up 9.9% from September and 24.8% year-on-year. Meanwhile, 4,536 businesses completed procedures for disbandment, up 8.5% from the previous month and rocketing 128.3% versus October 2024.

Source: The Saigon Times