HCMC – Vietnam continued to see a high number of business closures this year, with an average of 18,700 firms leaving the market each month, according to the National Statistics Office under the Ministry of Finance.
In the first 11 months of the year, 110,100 companies suspended operations, up 14.4% year-on-year. Another 64,500 firms halted operations while awaiting dissolution procedures, rising 11.7%. Meanwhile, 30,800 businesses completed dissolution, a sharp increase of 60.1% compared to the same period last year.
Despite the elevated exit rate, business formation remained robust. Nearly 178,000 new enterprises were established in the January–November period, up 20.9% year-on-year. Their combined registered capital reached VND1.75 quadrillion, while registered employment rose 16% to over one million workers.
Reactivated businesses also increased strongly. Around 97,600 firms returned to the market during the period, up 36.9%.
In total, Vietnam welcomed 275,600 newly established or reactivated businesses in January-November, a 26.1% increase from a year earlier. On average, 25,100 companies joined or rejoined the market each month.
To support enterprise growth, the Ministry of Finance has called for removing institutional bottlenecks, improving access to land and natural resources, expanding interest-rate support, and enhancing workforce training. The ministry also plans targeted tax and administrative support for small and medium-sized enterprises and household businesses, helping them scale up into larger, more competitive firms.
