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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Friday, July 18, 2025

New market entrants drop 15.2% in August

The Saigon Times

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HCMC – The number of newly established businesses in Vietnam last month fell by 15.2% month-on-month to 13,400, showed data from the General Statistics Office of Vietnam.

These new companies registered total capital of VND124.6 trillion, down by 6.2% from the previous month. Hiring by these firms decreased by 12.1% to 71,800 employees.

Year-on-year comparisons show declines in new market entrants, capital and staffing, with respective reductions of 12.8%, 16.2%, and 22.6%. The average registered capital per new business in August was VND9.3 billion, up by 24.4% from July but down by 3.9% from the same month last year.

In the first eight months of this year, Vietnam saw around 110,800 new businesses entering the market, with their total capital registered at VND994.7 trillion. This marks a 4.4% increase in the number of new businesses and a 0.7% rise in capital, although the workforce decreased by 1.9% compared to the same period last year.

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