VIETNAM HAS 35,500 NEW MARKET ENTRANTS IN FIRST TWO MONTHS

Workers assemble mechanical components at a manufacturing facility in Vietnam - PHOTO: VNA

HCMC – Nearly 35,500 businesses were newly registered in Vietnam in the first two months of 2026, surging 70.7% year-on-year, according to data released by the National Statistics Office on March 6.

Total registered capital of the new firms reached nearly VND313.7 trillion, up 36.1% from the same period last year. Registered employment exceeded 167,500 workers, increasing 19.1%.

Average registered capital per new enterprise was VND8.8 billion, down 20.3% from a year earlier.

Including additional capital from operating companies, total capital injected into the economy reached nearly VND851.9 trillion in the period, up 20.1%. Existing firms contributed more than VND538.2 trillion in additional capital.

Around 29,000 enterprises resumed operations during the two-month period. Combined with new registrations, nearly 64,500 businesses entered or re-entered the market, up 29.4% year-on-year.

New business formation increased across all three main sectors. Agriculture, forestry and fisheries recorded the fastest growth, with 440 newly established enterprises, rocketing 145.8% from a year earlier. The industry and construction sector saw 8,199 new firms, surging 71.5%. Services accounted for the largest share, with more than 26,800 enterprises, climbing 69.6%.

In February alone, about 11,300 enterprises were newly registered. The figure plunged 53.2% from January and registered capital declined 26.6%. However, the number of new firms was still 11.6% higher than in February last year.

Nearly 6,200 businesses resumed operations in February, down sharply from the previous month.

Data also showed a large number of firms leaving the market. In the first two months, nearly 58,500 enterprises temporarily suspended operations, up 2.8% year-on-year. More than 10,600 firms stopped operations pending dissolution procedures, up 66.3%. Nearly 7,900 enterprises completed dissolution procedures, soaring 110.2%.

In February, the number of enterprises suspending operations and dissolving fell 92.2% and 28.6% compared with January, respectively.

Source: The Saigon Times