NEW AND RETURNING FIRMS UP 11.3% IN JAN-MAY

Employees are seen at a local manufacturing facility - PHOTO: LE HOANG

HCMC – Business activity showed signs of recovery in the first five months of this year, with the number of newly established and returning businesses rising by 11.3% year-on-year.

According to the General Statistics Office under the Ministry of Finance, nearly 111,800 enterprises were newly established or resumed operations nationwide between January and May, up 11.3% compared to the same period in 2024.

This included nearly 66,800 newly registered businesses, up 0.6% year-on-year, with total registered capital of VND647.1 trillion and a combined workforce of 453,900, a 6.2% rise in employment.

Meanwhile, over 45,000 businesses resumed operations during the period, representing a strong 32.2% increase from the previous year.

In May 2025 alone, over 15,100 new businesses were established nationwide, with total registered capital of more than VND156.7 trillion and 98,100 registered employees.

Compared to April, the number of new businesses dipped slightly by 0.6%, while registered labor dropped 23.1%. However, registered capital rose by a sharp 17.3%.

More than 8,000 businesses resumed operations. Although this was down 11.1% from April, it marked an 18.8% increase compared to the same month last year.

Deputy Minister of Finance Tran Quoc Phuong said that the data clearly reflected a highly positive trend in both new business registrations and the number of businesses resuming operations in the early months of 2025.

Source: The Saigon Times