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Tuesday, May 6, 2025

Over 90,000 businesses enter market in Jan-Apr

The Saigon Times

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HCMC — Vietnam saw nearly 90,000 businesses entering the market and resuming operations so far this year, up 9.9% from a year earlier, official data showed.

According to the General Statistics Office, around 15,200 new firms were registered in April, down 2.5% from March but 7.4% higher than in April 2024.

However, business closures continued to outpace new entrants. About 96,500 companies exited the market in January-April, up 12.2% year-on-year. This averages over 24,100 market exits per month.

In April alone, nearly 7,200 companies temporarily suspended operations, surging 63.6% over the previous month. About 9,000 firms halted their operations and are awaiting dissolution, up 83.5% from March. Another 1,750 firms completed dissolution procedures.

Foreign investment into Vietnam remained strong, with total registered capital reaching US$13.82 billion in the four-month period, up 39.9% from a year earlier. This includes newly registered capital, capital adjustments, and share purchases. Disbursed foreign direct investments rose 7.3% year-on-year to US$6.74 billion.

Vietnamese outbound investment also improved. Forty-three new overseas projects were licensed with total capital of US$269.2 million, 2.7 times higher than in the same period last year. Twelve projects adjusted capital upward by US$40.1 million. Total outbound investment reached US$309.3 million, tripling from a year earlier.

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