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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.

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  • 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.
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Ho Chi Minh City
Sunday, May 18, 2025

Over 165,000 firms set up and back to business in Jan-Sept

The Saigon Times

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HCMC – The first nine months of the year have seen a total of 165,520 firms entering the market and resuming their operations across the country, up 1.2% year-on-year, according to a report from the General Statistics Office.

In September alone, 12,684 enterprises have been established, up by 10.6% compared to the same period last year. These businesses have total registered capital of VND117,200 billion, down 13.9%, and employ 80,000 people, up 29.3% versus last year.

Throughout the first nine months, 116,300 new businesses have entered the market, pledging a total of VND1,086,800 billion and providing jobs for 748,900 people. While the number of newly established businesses is up by 3.1%, the registered capital is down by 14.6%, and the number of employees is down by 1.2% against the previous year.

Around 48,900 firms have resumed their operations after their suspension, down 3.2% year-on-year.

The average registered capital for newly-established enterprises in the nine-month period stands at VND9.3 billion, a 17.2% decrease over the year-ago period.

In the year to date, 75,800 firms have suspended their business operations, soaring 21.2% compared to the same period last year. Meanwhile, 46,100 firms have halted their operation pending liquidation, up 26.9% and 13,200 firms have completed their liquidation process, down 4.3% in the period.

On average, around 15,000 firms have pulled out of the market a month from January to September.

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